The Market Facilitation Index is designed for evaluation the willingness of the market to move the price. The indicators absolute values alone cannot provide any trading signals unlike its dynamics in relation to the dynamics of the volume.
Calculation: Bill Williams Market Facilitation Index:
1) Green bar - both MFI and volume are up. Increasing trading activity means market movement acceleration;
2) Blue bar - MFI indicator is up volume is down. The movement is continuing although the volume has dropped. The trend will soon be reversing;
3) Pink bar - MFI indicator is down volume is up. The slowing down movement while volume is raising may indicate a possible break through often a U-turn;
4) Brown bar - both MFI and volume are down. The market is no longer interested in the current direction and is looking for signs of a future development;
PROFILE: Bougainville Copper (BOC.AX)
Stock Exchange: ASXAbout Bougainville Copper (ASX:BOC):
Company: Bougainville Copper
Ticker Codes: | BOC.AX | ASX:BOC |
Bougainville Copper Limited focuses on mining operations in the Autonomous Region of Bougainville Province in Papua New Guinea. The company is based in Port Moresby, Papua New Guinea.