Trading: SELL @ $1.08
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.
FSA (ASX:FSA) has formed a Black Marubozu candlestick. This means, FSA has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick represents extreme bearishness and is characterized by a long black body having no shadows on either end.
Calculation: Black Marubozu Candlestick:
1) The body of the candlestick is black and long;
2) There are no upper or lower shadows;
PROFILE: FSA (FSA.AX)
Stock Exchange: ASX
Ticker Codes: | FSA.AX | ASX:FSA |
FSA Group Limited, together with its subsidiaries, engages in the provision of debt solutions and direct lending services to individuals in Australia. The company's Services segment offers debt agreement, personal insolvency agreement, bankruptcy, and easy bill debt management services. Its Consumer Lending segment is involved in the home loan lending and broking, and personal loan lending activities. The company also provides accounting and taxation services. FSA Group Limited is based in Sydney, Australia.
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