Trading: BUY @ $7
Signal Strength: WEAK
Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. 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 bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.
Link (ASX:LNK) buyers are increasingly eager. This is the first day buyers have increased eagerness for LNK adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.6500. & the greatest daily price range this year has been $0.7200. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 0.9x.
The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.
Calculation: Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;
PROFILE: Link (LNK.AX)
Stock Exchange: ASX
Ticker Codes: | LNK.AX | ASX:LNK |
Link Administration Holdings Limited provides technology-enabled outsourced administration services to companies, asset owners, and trustees in Australia and internationally. The company operates through three segments: Fund Administration; Corporate Markets; and Information, Digital and Data Services. The Fund Administration segment provides administration services to superannuation funds; and an integrated platform solution to its clients covering various front, middle, and back office administration functions. The Corporate Markets segment offers a comprehensive and integrated corporate market offering that connects issuers with their stakeholders. Its services include shareholder management and analytics, stakeholder engagement, share registry, employee share plans, and company secretarial. The Information, Digital and Data Services segment provides core services of development and maintenance of proprietary IT systems and platforms, and value-added services of data analytics, digital solutions, and digital communications, as well as supports fund administration, corporate markets, and external clients. It also provides value-added services, including data management analytics, digital communication, and stakeholder education and advice. The company was formerly known as Link Administration Holdings Pty Limited and changed its name to Link Administration Holdings Limited on August 17, 2016. Link Administration Holdings Limited was incorporated in 2006 and is headquartered in Sydney, Australia.
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