|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Beston Global Food (BFC.AX)
Trading: BUY @ $0.097
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.
Beston Global Food (ASX:BFC) has formed a White Marubozu candlestick. This means, BFC has received strong buying confidence and upward 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 bullishness and is characterized by a long white body having no shadows on either end.
Calculation: White Marubozu Candlestick:
1) The body of the candlestick is white and long;
2) There are no upper or lower shadows;
PROFILE: Beston Global Food (BFC.AX)
Stock Exchange: ASX
Company: Beston Global Food
Ticker Codes: | BFC.AX | ASX:BFC |
Beston Global Food Company Limited, together with its subsidiaries, invests in food and beverage businesses in Australia and internationally. It operates in five segments: Dairy, Seafood, Health, Meat, and Distribution. The company owns dairy farms that offer milk, yoghurt, flavored milk, hard and soft cheese, quark, and butter; harvests, processes, packages, and distributes live, chilled, and frozen seafood; and produces and processes meat products. It also develops and produces health and well-being focused food, beverage, and pharmaceutical products; processes high pH natural spring water; and develops and commercializes end-to-end food traceability and anti-counterfeit technology solutions. The company distributes its products through third parties, as well as its e-commerce platform. Beston Global Food Company Limited was incorporated in 2014 and is based in Adelaide, Australia.
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