Trading: BUY @ $0.81
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.
Catuity (ASX:CAT) has formed a White candlestick. Normal buying pressure highlighting buyers were in control.
This candlestick implies normal buying pressure and shows that prices advanced during the day from open to close and the buyers were in control.
Calculation: White Candlestick Pattern:
1) The body of the candlestick is white with normal length;
PROFILE: Catuity (CAT.AX)
Stock Exchange: ASX
Ticker Codes: | CAT.AX | ASX:CAT |
Catapult Group International Limited develops and sells wearable athlete tracking and analytics solutions worldwide. The company offers ClearSky, a local positioning system that enables an end-to-end solution for measuring performance and tactical output; OptimEye, an athlete monitoring device; GPSports Evo, a plug-and-play athlete monitoring solution for the coach; OpenField, a customizable athlete analytics platform; and inertial movement analysis, a scientific algorithm that removes the inherent errors of inertial sensors. It also provides digital and video analytic software solutions for designing custom digital video solutions to enhance and optimize sports coaching operations, as well as monetization and distribution of digital media assets. The company serves sports teams, institutes, and universities. Catapult Group International Limited was founded in 2006 and is based in Prahran, Australia.
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