ING Office Fund (IOF.AX)
Trading: SELL @ $5.57
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.
ING Office Fund (ASX:IOF) has formed a Black Marubozu candlestick. This means, IOF has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick represents extreme bearishness and is characterized by a long black body having no shadows on either end.
Calculation: Black Marubozu Candlestick:
1) The body of the candlestick is black and long;
2) There are no upper or lower shadows;
PROFILE: ING Office Fund (IOF.AX)
Stock Exchange: ASX
Company: ING Office Fund
Ticker Codes: | IOF.AX | ASX:IOF |
Investa Office Fund (ASX code: IOF) is an externally managed Australian listed real estate investment trust, included in the S&P/ASX 100 index. IOF is governed by the Independent Board of Investa Listed Funds Management Limited as Responsible Entity, and managed by Investa ? one of Australia's largest and most highly regarded office managers. IOF has total assets under management of $4.0 billion, with 20 investment grade office buildings in core CBD markets across Australia. The Fund receives rental income from more than 400 tenants, including government agencies and blue chip organisations. IOF's strategy is to deliver attractive risk-adjusted returns investing in high quality Australian office buildings, leveraging Investa's fully integrated specialist property sector capabilities to outperform.
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