Trading: SELL @ $1.17
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.
Euroz (ASX:EZL) 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: Euroz (EZL.AX)
Stock Exchange: ASX
Ticker Codes: | EZL.AX | ASX:EZL |
Euroz Limited, a diversified financial services company, provides stockbroking, corporate finance, funds management, investing, and wealth management services to institutional and corporate clients, and high net worth individuals primarily in Australia. It offers equities research, institutional dealing, and private clients dealing services, as well as corporate advisory services, including equity capital raising and underwriting, merger and acquisition, strategic planning and review, and privatization and reconstruction services. The company also raises equity capital through initial public offerings, placements, and rights issues; and provides strategic financial planning support services. Euroz Limited was founded in 1977 and is based in Perth, Australia.
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