Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Basic Candlestick

Score

1.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 110 4.6 0.47% 0.78% 2.8% -1.3% 59.3%
SHORT 110 4.0 0.43% 0.70% 2.4% -1.4% 16.3%

Summary

Technical Analysis

Ipoh (IPH.AX)


Indicator:

BLACK CANDLE


Last Signal:

BEARISH


Trading: SELL @ $7.58
Signal Strength: WEAK
Recommendation:

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.


Ipoh (ASX:IPH) has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.



This candlestick implies normal selling pressure and shows that prices declined during the day from open to close and the sellers were in control.

Calculation: Black Candlestick Pattern:
1) The body of the candlestick is black with normal length;


PROFILE: Ipoh (IPH.AX)


Stock Exchange: ASX
Company: Ipoh
Ticker Codes: | IPH.AX | ASX:IPH |

About Ipoh (ASX:IPH):

IPH Limited, together with its subsidiaries, provides intellectual property (IP) services and products. It offers IP services related to the provision of filing, prosecution, enforcement, and management of patents, designs, trademarks, and other IP; and engages in the development and provision of IP data and analytics software under the subscription license model. The company is also involved in data analysis and software business, as well as provides software development and patent attorney services. It serves Fortune Global 500 companies, multinationals, public sector research organizations, SMEs, and professional services firms in Australia, Singapore, Malaysia, Thailand, Indonesia, China, Hong Kong, Germany, and internationally. IPH Limited was founded in 1887 and is based in Sydney, Australia.

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