Bellamys Australia (BAL)

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Bellamys Australia (BAL): Signals

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TECHNICAL ANALYSIS SUMMARY

Bellamys Australia (BAL.AX)


Indicator:

TASUKI


Last Signal:

BEARISH


Trading: SELL @ $11.08
Signal Strength: STRONG
Recommendation:

Indicator CAN 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.


Bellamys Australia (ASX:BAL) has formed a new Bear Tasuki pattern.



A candlestick formation that is commonly used to signal the continuation of the current downtrend. The pattern is formed when a series of candlesticks have demonstrated the following characteristics:

Calculation: Bear Tasuki Candlestick Pattern:
1) The first bar is a red candlestick within a defined downtrend;
2) The second bar is another red candlestick that has gapped below the close of the previous bar;
3) The last bar is a white candlestick that closes within the gap of the first two bars;
4) It is important to note that the white candle does not need to fully close the gap;


PROFILE: Bellamys Australia (BAL.AX)


Stock Exchange: ASX
Company: Bellamys Australia
Ticker Codes: | BAL.AX | ASX:BAL |

About Bellamys Australia (ASX:BAL):

Bellamy's Australia Limited produces and markets organic foods and formula products for babies, toddlers, and young children. The company offers formula and toddler milk drinks, cereals and rusks, pastas, snacks, and ready to serve baby foods, as well as powdered milk products. Bellamy's Australia Limited sells its products to retailers and other resellers in Australia; distributors and customers through third party Websites in China and Hong Kong; and other distributors and retailers in South East Asia. The company was formerly known as Tasmanian Pure Foods Limited and changed its name to Bellamy's Australia Limited in June 2014. Bellamy's Australia Limited was founded in 2004 and is based in Launceston, Australia.

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