My Net Fone

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

Strong Reversal

Score

0.9

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 5 97.4 0.40% 0.67% 28.9% -7.7% 34.7%
SHORT 5 47.8 0.80% 2.00% 8.3% -0.8% 31.7%

Summary

Technical Analysis

My Net Fone (MNF.AX)


Indicator:

JAPANESE CANDLE


Last Signal:


Trading: POSITION @ $4.03
Signal Strength: STRONG
Recommendation:

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.


My Net Fone (ASX:MNF) No strong reversal signals currently present. Previous signals for MNF include:


No Bullish Engulfing formations in the last 12 months


[BEARISH]: My Net Fone has formed a hangingman reversal pattern 112 days ago on the 01 Feb 2019. MNF has traded significantly high than the stocks opening price, which was followed by a short term rally closing in the lower shadow of the days trading range. This indicates that the market is trying to determine the top of the short term uptrend.


No Bullish Engulfing formations in the last 12 months.


[BEARISH]: My Net Fone has formed a Bearish Engulfing reversal pattern 172 days ago on the 03 Dec 2018. This means, MNF has traded engulfed a previous small body black candle with a large white change exceeding the previous days trading range. This indicates that the bulls have taken control in the short term timeframe and highlights a potential trend change.


No Dark Cloud Cover formations in the last 12 months.


[BULLISH]: My Net Fone has formed a Bullish Piercing reversal pattern 44 days ago on the 10 Apr 2019. This means, MNF has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.


PROFILE: My Net Fone (MNF.AX)


Stock Exchange: ASX
Company: My Net Fone
Ticker Codes: | MNF.AX | ASX:MNF |

About My Net Fone (ASX:MNF):

MNF Group Limited provides voice, data, and cloud based communication and communication enablement services to residential, business, government, and wholesale customers in Australia and internationally. It operates through three segments: Australian Domestic Retail; Australia/New Zealand Domestic Wholesale; and Global Wholesale. The company's products include MyNetFone that provides voice and Internet services; Symbio Networks, which offers IP voice carriage services and software through in-country voice infrastructure and platforms; Connexus corporate connectivity and cloud services; and CallStream that provides inbound business phone numbers. The company's products also iBoss, a software-as-a-service platform, which enables anyone to start and scale their own telecommunications business; TollShield, a real-time toll fraud mitigation software for networks and carriers; Pennytel, a VoIP home phone and ADSL Internet service provider; The Buzz, a money-saving budget home phone for PSTN customers; and OpenCA Softswitch delivers converged voice, data, and multi-media services for carriers and enterprises. It is also involved in the sale of audio conferencing and collaboration services to business customers; and the provision of hardware, equipment, and consulting services to support its products. The company was formerly known as My Net Fone Limited and changed its name to MNF Group Limited in October 2015. The company was founded in 2004 and is headquartered in Sydney, Australia.

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