Dongfang Modern Agriculture (DFM.AX)
Trading: BUY @ $1.005
Signal Strength: WEAK
Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. 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 bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.
Dongfang Modern Agriculture (ASX:DFM) buyers are currently keener than sellers and are driving the price up. This is the first day of price rise for DFM adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 1.5 & the greatest daily positive change this year has been 7.6. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 23.1%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 2.5%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 2x. Over the last month the average daily upward movement has been 0.800000%
The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.
[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener
PROFILE: Dongfang Modern Agriculture (DFM.AX)
Stock Exchange: ASX
Company: Dongfang Modern Agriculture
Ticker Codes: | DFM.AX | ASX:DFM |
Dongfang Modern Agriculture Holding Group Limited engages in the cultivation and sales of various agricultural produce in the People's Republic of China. The company produces citrus fruit tangerines, pomelos, navel oranges, and camellia fruits and related products. It controls 21 plantations spanning approximately 10,763 hectares in the Ganzhou City District within the Jiangxi Province. Dongfang Modern Agriculture Holding Group Limited sells its products primarily to wholesale customers. The company was founded in 2005 and is based in Brisbane, Australia.
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