Trading: SELL @ $1.995
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.
Eclipx (ASX:ECX) has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.
This candlestick implies normal selling pressure and shows that prices declined during the day from open to close and the sellers were in control.
Calculation: Black Candlestick Pattern:
1) The body of the candlestick is black with normal length;
PROFILE: Eclipx (ECX.AX)
Stock Exchange: ASX
Ticker Codes: | ECX.AX | ASX:ECX |
Eclipx Group Limited supplies, finances, and manages vehicles on behalf of corporate customers, consumers, and SMEs. It offers fleet leasing, fleet management, novated leasing, vehicle sales, commercial equipment finance, consumer motor vehicle finance, corporate and consumer asset backed finance, medium term vehicle rental, and online auctioneering and associated services. The company operates in Australia under eight primary brands, including FleetPartners, FleetPlus, FleetChoice, CarLoans.com.au, Right2Drive, Eclipx Commercial, Onyx, and GraysOnline.com; and in New Zealand under five primary brands, such as FleetPartners, FleetPlus, CarLoans.co.nz, Right2Drive, and AutoSelect. Eclipx Group Limited was founded in 1987 and is headquartered in Sydney, Australia.
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