Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Weak Reversal

Score

-0.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 26 10.8 0.50% 0.72% 2.6% -11.5% -173.3%
SHORT 27 18.4 0.59% 1.07% 10.7% -8.0% 51.1%

Summary

Technical Analysis

Broo (BEE.AX)


Indicator:

BEAR HARAMI


Last Signal:

BEARISH


Trading: SELL @ $0.027
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.


Broo (ASX:BEE) has formed a new Bear Harami reversal pattern.



This pattern consists of a white body and a small black body that is completely inside the range of the white body. If an outline is drawn for the pattern it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The white candlestick is “the mother” and the small candlestick is “the baby”.

Calculation: Bear Harami Candlestick Pattern:
1) The market is characterized by a prevailing uptrend;
2) A white body is observed on the first day;
3) The black body that is formed on the second day is completely engulfed by the body of the first day;


PROFILE: Broo (BEE.AX)


Stock Exchange: ASX
Company: Broo
Ticker Codes: | BEE.AX | ASX:BEE |

About Broo (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.

Top 10:

Weak Reversal

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Company Close Change(%) Volume Value Signal
AYS Amaysim Australia 0.76 7 283,622 -1 BEARISH
COE Cooper Energy 0.55 2.8 7,525,584 -1 BEARISH
SYR Syrah Resources 1.28 2.4 4,028,294 -1 BEARISH
NWS News Corporation 17.38 2 401,820 -1 BEARISH
XTO ASX 100 5346.7 1.9 0 -1 BEARISH
CGS Cogstate 0.29 1.8 68,881 -1 BEARISH
XJO ASX 200 6476.1 1.7 0 -1 BEARISH
XKO ASX 300 6425.3 1.7 0 -1 BEARISH
RND Rand Mining 2.41 1.7 4,987 -1 BEARISH
MXI Maxitra Industries 0.31 1.7 25,381 -1 BEARISH