West African Resources

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%

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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Aroon Oscillator

Score

-0.65

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 7 50.1 0.43% 0.60% 15.9% -9.5% 0.2%
SHORT 6 64.0 0.50% 0.75% 2.9% -8.3% -24.6%

Summary

Technical Analysis

West African Resources (WAF.AX)


Indicator:

AROON OSCILLATOR


Last Signal:

BULLISH


Trading: BUY @ $0.455
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


West African Resources (ASX:WAF) has a current ARU(25) of 84 and a current ARD(25) of 40



The Aroon Oscillator is the difference between Aroon-Up and Aroon-Down. These two indicators are usually plotted together for easy comparison but chartists can also view the difference of these two indicators with the Aroon Oscillator. This indicator fluctuates between -100 and +100 with zero as the middle line.

Calculation: Aroon Oscillator (ARO) :
1) Aroon Up = 100 x (25 - Days Since 25-day High)/25;
2) Aroon Down = 100 x (25 - Days Since 25-day Low)/25;
3) Aroon Oscillator = Aroon-Up - Aroon-Down;


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.

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