[BEARISH]: Broo has formed a Black Marubozu candlestick. This means, BEE has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick represents extreme bearishness and is characterized by a long black body having no shadows on either end.
Calculation: Black Marubozu Candlestick:
1) The body of the candlestick is black and long;
2) There are no upper or lower shadows;
PROFILE: Broo (BEE.AX)
Stock Exchange: ASX
Ticker Codes: | BEE.AX | ASX:BEE |
Broo Limited produces and distributes beer in Australia and China. It operates through Hospitality, Australian brewing, and Chinese brewing segments. The company offers beers under the Broo Premium Lager and Australia Draught names. It serves hotels, liquor stores, restaurants, and other licensed premises through wholesalers. The company also manages pubs and boutique brewery venues. Broo Limited is headquartered in Mildura, Australia.
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