|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Trading: SELL @ $0.395
Signal Strength: STRONG
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
Freelancer (ASX:FLN) is currently bearish highlighting the potential for a short term trend continuation in the downward direction.
The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.
Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;
PROFILE: Freelancer (FLN.AX)
Stock Exchange: ASX
Ticker Codes: | FLN.AX | ASX:FLN |
Freelancer Limited operates a freelancing and crowdsourcing marketplace in Australia. It operates through two segments, Online Marketplace and Online Payment Services. The company, through its marketplace, hires freelancers to do work in areas, such as software development, writing, data entry and design, engineering, sciences, sales and marketing, and accounting and legal services. It connects employers and freelancers from approximately 247 countries, regions, and territories. The company also provides escrow payment services. Freelancer Limited was founded in 2009 and is based in Sydney, Australia.
|ATL ASX 20||0.34||28.3||690,133||-37.5||BEARISH|
|GNG GR Engineering Services||0.93||10.7||11,298||-46.55||BEARISH|
|PNR Pacific Niugini Minerals||0.1||4.4||3,331,845||-27.53||BEARISH|
|GTN GTN Resources||0.86||4.3||3,211||-21.23||BEARISH|
|BFC Beston Global Food||0.08||3.9||114,832||-33.33||BEARISH|
|GAP Gale Pacific||0.16||3.2||113,860||-50||BEARISH|
|EWC Energy World Corporation||0.08||2.6||91,205||-25||BEARISH|