Beacon Lighting (BLX)

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Beacon Lighting (BLX): Signals

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TECHNICAL ANALYSIS SUMMARY

Beacon Lighting (BLX.AX)


Indicator:

MARUBOZU CANDLE


Last Signal:

BULLISH


Trading: BUY @ $1.2
Signal Strength: WEAK
Recommendation:

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.


Beacon Lighting (ASX:BLX) has formed a White Marubozu candlestick. This means, BLX 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: Beacon Lighting (BLX.AX)


Stock Exchange: ASX
Company: Beacon Lighting
Ticker Codes: | BLX.AX | ASX:BLX |

About Beacon Lighting (ASX:BLX):

Beacon Lighting Group Limited operates as a specialist retailer of lighting products in Australia. It designs, develops, sources, imports, distributes, merchandises, promotes, and sells light fittings and light globes. The company's products include pendants, table lamps, floor lamps, ceiling fans, chandeliers, exteriors, globes, down lights, wall lights, spotlights, bathroom lighting products, batten fixes, flush mounts, accessories, and solar panels. It serves middle to upper residential lighting market. The company operates a network of 100 company operated stores and 6 franchised stores, as well as 4 commercial sales offices. It also offers its products online. Beacon Lighting Group Limited was founded in 1967 and is based in Mulgrave, Australia.

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