|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Mighty River Power (MCY.AX)
Trading: NO POSITION @ $5.12
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.
Mighty River Power (ASX:MCY) has formed a Gravestone Doji candlestick. This doji has no lower shadow but a long upper shadow.
This candlestick is a type of Doji characterized with no lower shadow but a long upper shadow. It is also known as the Gravestone Doji.
Calculation: Gravestone Doji Candlestick Pattern:
1) The length of the body is null or close to null;
2) There is no lower shadow;
3) The upper shadow is long;
PROFILE: Mighty River Power (MCY.AX)
Stock Exchange: ASX
Company: Mighty River Power
Ticker Codes: | MCY.AX | ASX:MCY |
Mercury NZ Limited, together with its subsidiaries, engages in the production, trading, and sale of electricity from renewable sources in New Zealand. It operates nine hydro generation stations on the Waikato River; and five geothermal generation stations in the central North Island. The company sells electricity to homes, businesses, and industrial customers through GLOBUG, Tiny Mighty, and Bosco brands. It also provides metering infrastructure solutions to electricity retailers through Metrix brand; and solar panel installation services. The company was formerly known as Mighty River Power Limited and changed its name to Mercury NZ Limited in July 2016. Mercury NZ Limited was founded in 1998 and is based in Auckland, New Zealand.
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