Trading: SELL @ $0.465
Signal Strength: STRONG
Indicator CAN 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.
Getswift (ASX:GSW) has formed a new Bear Harami reversal pattern.
This pattern consists of a white body and a small black body that is completely inside the range of the white body. If an outline is drawn for the pattern it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The white candlestick is “the mother” and the small candlestick is “the baby”.
Calculation: Bear Harami Candlestick Pattern:
1) The market is characterized by a prevailing uptrend;
2) A white body is observed on the first day;
3) The black body that is formed on the second day is completely engulfed by the body of the first day;
PROFILE: Getswift (GSW.AX)
Stock Exchange: ASX
Ticker Codes: | GSW.AX | ASX:GSW |
Getswift Limited, a technology company, provides secure cloud-based SaaS platform for delivery businesses in Australia and internationally. It offers logistics software. The company was founded in 2015 and is based in Carlton, Australia.
|EQT Equity Trustees||24||4.3||34,589||-1||BEARISH|
|AHY Asaleo Care||0.95||3.8||2,959,854||-1||BEARISH|
|GGG Greenland Minerals||0.08||1.3||1,815,802||-1||BEARISH|
|TLS Telstra Corporation||3.08||1.3||21,610,955||-1||BEARISH|
|SMN Structural Monitoring Systems||0.89||1.1||220,095||-1||BEARISH|
|QMS Qms Media||0.95||1.1||20,663||-1||BEARISH|
|DFM Dongfang Modern Agriculture||0.96||1.1||63,258||-1||BEARISH|
|CCL Coca-Cola Amatil||8.57||1.1||2,714,058||-1||BEARISH|