Broadcast Services Australia (BSA.AX)
Trading: SELL @ $0.27
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Broadcast Services Australia (ASX:BSA) has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Nov 14 2018.
The Tricklar medium term trend indicator (TRICK) highlights the peaks and troughs associated with a combination of bars within the first timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the second timeframe. The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.
Calculation: Tricklar medium trend (TRICK):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs;
PROFILE: Broadcast Services Australia (BSA.AX)
Stock Exchange: ASX
Company: Broadcast Services Australia
Ticker Codes: | BSA.AX | ASX:BSA |
BSA Limited operates as a technical services contracting company in Australia. The company's Connect segment provides contracting services to the telecommunications, subscription television, and communication industries. Its services include the delivery of bundled services over fixed line multi-technology services and networks; and installation of subscription television. Its Build segment offers design and installation services, such as mechanical, air conditioning, heating and ventilation, refrigeration, and fire services for commercial and industrial buildings. The company's Maintain segment offers maintenance services for commercial and industrial buildings comprising mechanical, air conditioning, heating and ventilation, refrigeration, and fire services. BSA Limited is based in Macquarie Park, Australia.
|AXP Airxpanders Inc||0.04||13.9||692,845||-1||BEARISH|
|EMH European Metals Holdings||0.41||6.5||10,000||-1||BEARISH|
|MNS Milnes Holdings||0.35||6.1||1,136,949||-1||BEARISH|
|IRI Integrated Research||2.37||4.4||132,464||-1||BEARISH|
|AYS Amaysim Australia||1.07||3.9||62,218||-1||BEARISH|