Dicker Data (DDR.AX)
Trading: BUY @ $2.86
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.
Dicker Data (ASX:DDR) has formed a White Marubozu candlestick. This means, DDR 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: Dicker Data (DDR.AX)
Stock Exchange: ASX
Company: Dicker Data
Ticker Codes: | DDR.AX | ASX:DDR |
Dicker Data Limited engages in the wholesale distribution of computer hardware, software, and related products in Australia and New Zealand. The company offers a product portfolio of various technology vendors, including HP, Cisco, Toshiba, ASUS, Lenovo, Microsoft, and other brands. Dicker Data Limited sells its products to approximately 5,000 resellers. The company was formerly known as Rodin Corporation Pty Limited. Dicker Data Limited was founded in 1978 and is based in Kurnell, Australia.
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