[BULLISH]: Link has formed a White Closing Marubozu candlestick. This means, LNK has received strong buying confidence and upward price movement over the trading day with only a small lower shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick represents extreme bullishness and it is characterized with a long white body that has a lower shadow but no upper shadow.
Calculation: White Closing Marubozu Candlestick:
1) The body of the candlestick is white and long;
2) There is no upper shadow;
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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