Dont think i would be relying on the way those levels are...

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

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

BRX

Belararox delineates another porphyry in Argentina at Tambo South

GYG

Guzman Y Gomez shot up nearly 40% in first hour of trades. Can it last?

TM1

Shares up 196% on Terra's news of major reef discovery at Dante

Your questions From the Floor: Investment experts respond...