Trading: SELL @ $1.28
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.
FSA (ASX:FSA) 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: 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.
|MTO Moto Goldmines||2.6||8.3||43,680||-24.07||BEARISH|
|SMX Sms Management & Technology||0.26||8.3||240,688||-36.36||BEARISH|
|UOS United Overseas Australia||0.7||6.1||1,000||-50||BEARISH|
|CCP Credit Corp||19.99||6||515,529||-38.48||BEARISH|
|BAF Blue Sky Alternatives||0.9||5.9||979,344||-50||BEARISH|
|CCV Cash Converters International||0.28||5.8||647,158||-31.82||BEARISH|
|SMN Structural Monitoring Systems||1.1||5.8||33,656||-36.49||BEARISH|
|MGX Mount Gibson Iron||0.48||5.6||1,145,128||-36.84||BEARISH|
|CGL The Citadel||8.8||4.8||86,922||-31.94||BEARISH|