Trading indicator
Weak ReversalTrade setup
| Position | Order | Entry | Exit | Stop Loss | Risk | Return | Expectancy |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
Backtest results
| Position | Trades | Duration | Win rate | Win/loss | Avg win | Avg loss | Return |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
Company
Indicator
| Code | Company | Date | Close | Change | Indicator | Value | Signal |
|---|
Trading Performance
Weak Reversal
Score
0.35
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 38 | 10.2 | 0.32% | 0.44% | 15.1% | -7.4% | -18.6% |
| SHORT | 37 | 11.1 | 0.54% | 1.18% | 10.8% | -8.6% | 70.4% |
Summary
Technical Analysis
Eden Energy (EDE.AX)
Indicator:
BULL HARAMI
Last Signal:
BULLISH
Trading: BUY @ $0.04
Signal Strength: STRONG
Recommendation:
Indicator CAN 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.
Eden Energy (ASX:EDE) has formed a new Bull Harami reversal pattern.
This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The black candlestick is “the mother” and the small candlestick is “the baby”.
Calculation: Bull Harami Candlestick Pattern:
1) The market is characterized by a prevailing downtrend;
2) A black body is observed on the first day;
3) The white body that is formed on the second day is completely engulfed by the body of the first day;
PROFILE: Eden Energy (EDE.AX)
Stock Exchange: ASX
Company: Eden Energy
Ticker Codes: | EDE.AX | ASX:EDE |
Eden Innovations Ltd. provides various clean technology solutions. The company offers EdenCrete, a carbon nanotube enriched admixture for concrete; and OptiBlend, a retrofit dual fuel kit for diesel generator sets. It also provides Pyrolysis, a technology to produce carbon nanotube, and carbon nanofibre and hydrogen; Hythane, a blend of hydrogen and natural gas; and EdenPlast, a CNT enriched polymers and plastics. The company was formerly known as Eden Energy Ltd. and changed its name to Eden Innovations Ltd. in November 2016. Eden Innovations Ltd. was incorporated in 2004 and is based in Perth, Australia.
Top 10:
Weak Reversal
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| CHC Charter Hall | 10.99 | 4.7 | 3,565,631 | -1 | BEARISH |
| PNV Polynovo | 1.74 | 4.5 | 3,873,454 | -1 | BEARISH |
| VTG Vita | 1.18 | 4 | 394,143 | -1 | BEARISH |
| GTK Gentrack | 3.6 | 3.4 | 11,098 | -1 | BEARISH |
| AMH Amcil | 0.98 | 2.6 | 267,844 | -1 | BEARISH |
| SLK Sealink Travel | 5.11 | 2.2 | 91,952 | -1 | BEARISH |
| NUF Nufarm | 5.39 | 2.1 | 1,697,117 | -1 | BEARISH |
| NST Northern Star Resources | 10.28 | 2.1 | 2,878,276 | -1 | BEARISH |
| FNP Freedom Nutritional Products | 5.1 | 1.4 | 259,447 | -1 | BEARISH |
| FMG Fortescue Metals | 10.51 | 1.3 | 12,767,757 | -1 | BEARISH |