West African Resources

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Pivot Points

Score

-1.7

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 96 5.0 0.42% 0.61% 3.5% -3.3% -74.2%
SHORT 97 4.6 0.41% 0.55% 2.8% -2.6% -81.9%

Summary

Technical Analysis

West African Resources (WAF.AX)


Indicator:

PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


West African Resources (ASX:WAF) current pivot point is: $ 0.415.
The current resistance levels are:
(R1) $0.425
(R2) $0.435
(R3) $0.445

The current support levels are:
(S1) $0.405
(S2) $0.395
(S3) $0.385



Pivots Points are significant levels chartists can use to determine directional movement support and resistance. Pivot Points use the prior period’s high low and close to formulate future support and resistance. In this regard Pivot Points are predictive or leading indicators.

Calculation: Pivot Points:
1) Pivot Point (P) = (High + Low + Close)/3;
2) Support 1 (S1) = (P x 2) – High; Support 2 (S2) = P - (High - Low);
3) Resistance 1 (R1) = (P x 2) – Low Resistance 2; (R2) = P + (High - Low);


PROFILE: West African Resources (WAF.AX)


Stock Exchange: ASX
Company: West African Resources
Ticker Codes: | WAF.AX | ASX:WAF |

About West African Resources (ASX:WAF):

West African Resources Limited engages in the acquisition, exploration, and development of mineral resource projects in West Africa. It holds 100% interests in the Sanbrado gold project; and the Boulsa gold project located in Burkina Faso. The company was incorporated in 2006 and is based in Scarborough, Australia.

Top 10:

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