Alliance Aviation Services (AQZ.AX)
LONG WHITE CANDLE
Trading: BUY @ $2.39
Signal Strength: WEAK
Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.
Alliance Aviation Services (ASX:AQZ) has formed a Long White candlestick. This means, AQZ has traded with strong buying pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick implies relatively strong buying pressure and shows that prices advanced during the day significantly from open to close and the buyers were aggressive.
Calculation: Long White Candlestick:
1) The body of the candlestick is white and long.
PROFILE: Alliance Aviation Services (AQZ.AX)
Stock Exchange: ASX
Company: Alliance Aviation Services
Ticker Codes: | AQZ.AX | ASX:AQZ |
Alliance Aviation Services Limited, an air charter operator, provides aviation services to tourism, resources, education, government, corporate, sporting, and entertainment sectors in Australia. It offers fly-in, fly-out transportation services of workers and contractors to and from remote projects of mining and energy companies. The company also provides air charter services to corporate and government customers; and aircraft, crew, maintenance, and insurance services to a third party, as well as sells and leases aircraft and parts to third parties. As of August 10, 2017, it operated a fleet of 16 Fokker F100 and 8 Fokker 70LR jet aircraft; and 5 Fokker 50 turboprops. The company is based in Eagle Farm, Australia.
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