where to next?, page-7

First 7 Last

Share
Profile

Follow
bichelz

82 Posts.

9

08/08/18

14:18

Post #: 34804386
Share
Originally posted by Levelgrinder ↑

Hit the "Help" button the right hand side of the page for more explanation.

Support and Resistance

This section shows a snapshot view of the Trader's Cheat Sheet with the Last Price, and four separate pivot points (2 Support Levels, and 2 Resistance Points). The Last Price shown is the last trade price at the time the quote page was displayed, and will not update every 10 seconds (as the Last Price at the top of the Quote page does). The Last Price will update only when the page is refreshed.
Pivot points are used to identify intraday support, resistance and target levels. The pivot point and its support and resistance pairs are defined as follows, where H, L, C are the current day's high, low and close, respectively. Support and Resistance points are based on end-of-day prices and are intended for the current trading session if the market is open, or the next trading session if the market is closed.

Pivot Point: (P) = (H + L + C) / 3

First Resistance Level: (R1) = (2 * P) - L

First Support Level: (S1) = (2 * P) - H

Second Resistance Level: (R2) = P + (R1 - S1)

Second Support Level: (S2) = P - (R1 - S1)

Expand

Dont think i would be relying on the way those levels are calculated for more psychological res and sups. They dont take into account previous resistances and supports, only the days trading?

"where H, L, C are the current day's high, low and close, respectively."
AC8 Price at posting: 97.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

AII

Inside the depths of Panasqueira: A legacy carved in rock

ASX Market Close: BHP shares rise with iron ore – but so does CBA

TMG

Investors cautious as Trigg Minerals issues unusual trading halt

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Thursday's HotCopper trends: Mystery Trigg halt, Neurizon FDA feedback | July 10

There are more pages in this discussion • 1,396 more messages in this thread...

First 7 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

where to next?, page-7

Top Stories

Inside the depths of Panasqueira: A legacy carved in rock

ASX Market Close: BHP shares rise with iron ore – but so does CBA

Investors cautious as Trigg Minerals issues unusual trading halt

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Thursday's HotCopper trends: Mystery Trigg halt, Neurizon FDA feedback | July 10

Featured News