Amaysim Australia (AYS.AX)
WHITE OPENING MARUBOZU
Trading: BUY @ $1.05
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.
Amaysim Australia (ASX:AYS) has formed a White Opening Marubozu candlestick. This means, AYS has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick represents extreme bullishness and it is characterized with a long white body that has an upper shadow but no lower shadow.
Calculation: White Opening Marubozu Candlestick:
1) The body of the candlestick is white and long;
2) There is no lower shadow;
PROFILE: Amaysim Australia (AYS.AX)
Stock Exchange: ASX
Company: Amaysim Australia
Ticker Codes: | AYS.AX | ASX:AYS |
amaysim Australia Limited provides mobile telecommunication services in Australia. The company operates through three segments: Mobile Services, Broadband, and Energy. It offers postpaid or prepaid mobile voice and data plans under the amaysim brand, which use the Optus 3G and 4G networks; and sells devices through Vaya and amaysim handset stores. The company serves approximately 1.074 million mobile subscribers. It also engages in the online retail of electricity and gas serving 800,000 households. amaysim Australia Limited was founded in 2010 and is headquartered in Sydney, Australia.
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