Huon Aquaculture (HUO.AX)
WHITE CLOSING MARUBOZU
Trading: BUY @ $4.76
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.
Huon Aquaculture (ASX:HUO) has formed a White Closing Marubozu candlestick. This means, HUO has received strong buying confidence and upward price movement over the trading day with only a small lower shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick represents extreme bullishness and it is characterized with a long white body that has a lower shadow but no upper shadow.
Calculation: White Closing Marubozu Candlestick:
1) The body of the candlestick is white and long;
2) There is no upper shadow;
PROFILE: Huon Aquaculture (HUO.AX)
Stock Exchange: ASX
Company: Huon Aquaculture
Ticker Codes: | HUO.AX | ASX:HUO |
Huon Aquaculture Group Limited, together with its subsidiaries, hatches, farms, processes, markets, and sells Atlantic salmon and ocean trout in Australia. It also exports its products internationally. The company was founded in 1986 and is headquartered in Dover, Australia. Huon Aquaculture Group Limited is a subsidiary of Surveyors Investments Pty Ltd.
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