Djerriwarth Investments (DJW.AX)
LONG WHITE CANDLE
Trading: BUY @ $3.28
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.
Djerriwarth Investments (ASX:DJW) has formed a Long White candlestick. This means, DJW has traded with strong buying 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 buying pressure and shows that prices advanced during the day significantly from open to close and the buyers were aggressive.
Calculation: Long White Candlestick:
1) The body of the candlestick is white and long.
PROFILE: Djerriwarth Investments (DJW.AX)
Stock Exchange: ASX
Company: Djerriwarth Investments
Ticker Codes: | DJW.AX | ASX:DJW |
Djerriwarrh Investments Limited is a self managed investment trust. The firm invests in public equity markets of Australia. It employs a combination of in-house and external research to make its investments. Djerriwarrh Investments Limited was founded in November 1989 and is based in Melbourne, Australia.
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