Mg Unit Trust (MGC.AX)
Trading: NO POSITION @ $0.305
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.
Mg Unit Trust (ASX:MGC) 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: Mg Unit Trust (MGC.AX)
Stock Exchange: ASX
Company: Mg Unit Trust
Ticker Codes: | MGC.AX | ASX:MGC |
MG Unit Trust operates as a special purpose funding vehicle in Australia. It holds interest in subordinated notes and convertible preference shares issued by Murray Goulburn Co-operative Co. Limited. The company was founded in 2015 and is based in Southbank, Australia. MG Unit Trust is a subsidiary of Murray Goulburn Co-Operative Co. Limited.
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