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

Weak Reversal

Score

0.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 30 14.4 0.53% 1.14% 3.3% -5.1% -18.0%
SHORT 30 11.6 0.57% 1.31% 5.2% -4.2% 33.6%

Summary

Technical Analysis

Maca (MLD.AX)


Indicator:

BULL HARAMI


Last Signal:

BULLISH


Trading: BUY @ $0.99
Signal Strength: STRONG
Recommendation:

Indicator CAN 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.


Maca (ASX:MLD) has formed a new Bull Harami reversal pattern.



This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The black candlestick is “the mother” and the small candlestick is “the baby”.

Calculation: Bull Harami Candlestick Pattern:
1) The market is characterized by a prevailing downtrend;
2) A black body is observed on the first day;
3) The white body that is formed on the second day is completely engulfed by the body of the first day;


PROFILE: Maca (MLD.AX)


Stock Exchange: ASX
Company: Maca
Ticker Codes: | MLD.AX | ASX:MLD |

About Maca (ASX:MLD):

MACA Limited operates as a mining, civil construction, and road infrastructure company in Australia and Brazil. The company offers loading and hauling services; and drilling and blasting services, including production drilling and blasting for surface mining operations or quarries, pre-split drilling, contour drilling and pioneering, blast hole sample drilling, probe drilling, pre-split and final wall blasting, drill and blast design, blasting solutions for civil construction, and controlled blasting. It also provides crushing and screening services to deliver tailored screening and sizing solutions, as well as materials handling solutions. In addition, the company offers civil road and infrastructure asset management and maintenance services, including roads construction and maintenance, design and construction of bridges, and parks and gardens management services, as well as vegetation management, verge work, heavy lifts and safety barrier, and specialist services to government organizations. MACA Limited was incorporated in 2002 and is headquartered in Welshpool, Australia.

Top 10:

Weak Reversal

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