|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Ellex Medical Lasers (ELX.AX)
Trading: BUY @ $0.83
Signal Strength: STRONG
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.
Ellex Medical Lasers (ASX:ELX) has formed a new Bull Belt-Hold reversal pattern.
Bullish Belt Hold is a single candlestick pattern basically a White Opening Marubozu that occurs in a downtrend. It opens on the low of the day and then a rally begins during the day against the overall trend of the market which eventually stops with a close near the high leaving a small shadow on top of the candle. If longer bodies characterize the Belt Hold then the resistance they offer against the trend will be even much stronger.
Calculation: Bull Belt-Hold Candlestick Pattern:
1) The market is characterized by a prevailing downtrend;
2) The market gaps down and opens at its low and closes near to the high of the day;
3) A long white body that has no lower shadow (a White Opening Marubozu) is observed;
PROFILE: Ellex Medical Lasers (ELX.AX)
Stock Exchange: ASX
Company: Ellex Medical Lasers
Ticker Codes: | ELX.AX | ASX:ELX |
Ellex Medical Lasers Limited designs, manufactures, distributes, and sells lasers and ultrasound systems for ophthalmologists to diagnose and treat eye diseases. It offers Tango Reflex selective laser trabeculoplasty (SLT)/YAG multi-modality laser for the treatment of SLT for glaucoma, laser vitreolysis for floaters, and capsulotomy and iridotomy procedures, as well as anterior and poster YAG laser procedures; and Tango SLT/YAG combination laser for the treatment of SLT and YAG, as well as capsulotomy procedures. The company also provides iTRACK, a microcatheter for use in the minimally invasive glaucoma surgeries; Ultra Q Reflex, a YAG laser for the treatment of vitreous strands and opacities; and Ultra Q for the treatment of capsulotomy and iridotomy procedures.. In addition, it offers Integre Pro Scan, a multi-color pattern scanning photocoagulator; Integre Pro, a multi-color laser for use in the treatment of retinal disease; and Solitaire, a portable green laser for the treatment of retinal disease. Further, the company provides Eye One, a portable ultrasound platform for examination and measurement applications; and Eye Cubed, a diagnostic ultrasound system for posterior and anterior segments. Additionally, it offers a 2RT, a retinal rejuvenation therapy for the treatment of age-related macular degeneration. The company also distributes medical devices. It operates in Australia, the United States, Europe, the Middle East, Japan, Asia, South America, and internationally. Ellex Medical Lasers Limited is headquartered in Mawson Lakes, Australia.
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