|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Central Australian Phosphate (CEN.AX)
LONG BLACK CANDLE
Trading: SELL @ $6.82
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.
Central Australian Phosphate (ASX:CEN) has formed a Long Black candlestick. This means, CEN has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick implies relatively strong selling pressure and shows that prices declined during the day significantly from open to close and the sellers were aggressive.
Calculation: Long Black Candlestick:
1) The body of the candlestick is black and long;
PROFILE: Central Australian Phosphate (CEN.AX)
Stock Exchange: ASX
Company: Central Australian Phosphate
Ticker Codes: | CEN.AX | ASX:CEN |
Contact Energy Limited generates and retails electricity, natural gas, and LPG in New Zealand. It generates electricity through hydro, geothermal, and thermal sources. The company serves approximately 567,000 customers, such as residential, small business, commercial, and industrial. Contact Energy Limited was founded in 1995 and is headquartered in Wellington, New Zealand.
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