[BULLISH WEAK]: Imdex has formed a Short White candlestick. This means, IMD has limited price movement derived from weak buying 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 buying pressure with a limited price movement.
Calculation: Short White Candlestick:
1) The body of the candlestick is white and small.
PROFILE: Imdex (IMD.AX)
Stock Exchange: ASX
Ticker Codes: | IMD.AX | ASX:IMD |
Imdex Limited engages in the minerals business worldwide. The company engages in the manufacture, sale, and rental of down hole instrumentation, drilling fluids and chemicals, solids removal technologies, and related equipment, as well as the provision of cloud-based data management solutions to the mining and mineral exploration industry. It also provides data solutions and geo-analytics services under the AMC and REFLEX brands to exploration, development, and production companies in the minerals sectors. The company was formerly known as Pilbara Gold NL and changed its name to Imdex Limited in July 1985. Imdex Limited was incorporated in 1980 and is headquartered in Balcatta, Australia.
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