Trading: SELL @ $15.85
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.
Brickworks (ASX:BKW) has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.
This candlestick implies normal selling pressure and shows that prices declined during the day from open to close and the sellers were in control.
Calculation: Black Candlestick Pattern:
1) The body of the candlestick is black with normal length;
PROFILE: Brickworks (BKW.AX)
Stock Exchange: ASX
Ticker Codes: | BKW.AX | ASX:BKW |
Brickworks Limited manufactures, sells, and distributes building products in Australia. The company operates through Building Products, Property, and Investment segments. It manufactures vitrified clay, concrete, and timber products for use in the building industry. The company's products include bricks, masonry blocks, pavers, roof tiles, floor tiles, precast walling and flooring panels, and fiber cement walling panels, as well as specialized faþade systems, terracotta roof tiles, and retaining wall systems. It offers its building products under the Austral Bricks, Austral Masonry, Austral Precast, Bristile Roofing, Auswest Timber, Bowral Bricks, Daniel Robertson, Nubrik, Pronto Panel, INEX, Terracade, and GB Masonry brands. The company also exports its products to New Zealand and other countries. In addition, it develops and sells residential and industrial land; and invests in property trusts and the Australian share market. Brickworks Limited was founded in 1934 and is headquartered in Horsley Park, Australia.
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