1ST TIMEFRAME TREND
Trading: HOLD @ $0.74
Signal Strength: WEAK
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Danakali (ASX:DNK) has a neutral trend in the short term timeframe. The buyers & sellers are not dominant enough to swing the daily trend. The current tally of neutral days is 3
The Tricklar short term trend indicator (T1) highlights the high points and low points associated with the individual bars. As such, successive rallies penetrating preceding high points whilst cancelling preceding lower troughs offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous Lower peaks whilst maintaining prices below the previous lower troughs indicates BEARISH trends in the second timeframe.
Calculation: Tricklar short trend (T1):
1) [BULLISH] An uptrend is a succession of higher highs and higher lows;
2) [BEARISH] A downtrend is a succession of lower highs and lower lows;
PROFILE: Danakali (DNK.AX)
Stock Exchange: ASX
Ticker Codes: | DNK.AX | ASX:DNK |
Danakali Limited engages in the exploration of minerals in Eritrea, East Africa. It primarily holds interests in the Colluli potash project located in the Danakil region of Eritrea. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015. Danakali Limited is based in Subiaco, Australia.
1st timeframe trendDownload
|CTD Corporate Travel Management||28.81||14.7||1,727,133||0||NEUTRAL|
|EMH European Metals Holdings||0.4||14.3||44,010||0||NEUTRAL|
|AXP Airxpanders Inc||0.04||12.1||4,203,665||0||NEUTRAL|
|BFC Beston Global Food||0.16||6.9||222,535||0||NEUTRAL|
|RSG Resolute Mining||1.15||6.5||9,128,506||0||NEUTRAL|
|GOR Gold Road Resources||0.85||6.3||2,511,753||0||NEUTRAL|
|SLR Silver Lake Resources||0.68||6.3||5,503,241||0||NEUTRAL|
|OGC Oceanagold Corporation||4.73||6.3||557,211||0||NEUTRAL|