Ioof Holdings (IFL.AX)
HIGH WAVE LINE
Trading: POSITION @ $6.2
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.
Ioof Holdings (ASX:IFL) has formed a new High Wave Line reversal pattern.
High wave candlesticks portray situations where the market is having difficulty coming to a consensus on a securities value. They are indicative of a market in which uncertainty and indecision prevail. Neither the buyers nor the sellers have a clear sense of which direction the market will head. The forces of supply and demand are equally balanced.
Calculation: High Wave Line Candlestick Pattern:
1) Small candlestick body One shadow required Shadow length 3x larger than candlestick body;
PROFILE: Ioof Holdings (IFL.AX)
Stock Exchange: ASX
Company: Ioof Holdings
Ticker Codes: | IFL.AX | ASX:IFL |
IOOF Holdings, Ltd. engages in the development, distribution, management, and administration of various financial products and services. It operates through two segments, Wholesale Funds Management, and Retail Funds Management and Administration. The Wholesale Funds Management segment engages in the management and investment of monies on behalf of private, corporate, superannuation, and institutional clients. The Retail Funds Management and Administration segment distributes and administers retail funds, including financial planning and back office services. The company was founded in 1846 and is based in Melbourne, Australia.
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