GDI Property (GDI.AX)
SHORT BLACK CANDLE
Trading: SELL @ $1.395
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.
GDI Property (ASX:GDI) has formed a Short Black candlestick. This means, GDI has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick implies a relatively weak selling pressure with a limited price movement.
Calculation: Short Black Candlestick:
1) The body of the candlestick is black and small;
PROFILE: GDI Property (GDI.AX)
Stock Exchange: ASX
Company: GDI Property
Ticker Codes: | GDI.AX | ASX:GDI |
GDI Property Group (GDI) is an ASX listed property owner and fund manager. We have a proud history of delivering strong returns to investors for over 20 years. Our Board and employees are passionate about property and about funds management. We aim to continue to grow the wealth of our investors, provide exceptional accommodation to our customers and be a highly respected brand in our community. Our success has been founded on a sound investment philosophy of buying well, managing well and selling well.
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