My Net Fone (MNF)

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My Net Fone (MNF): Signals

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Summary

[BEARISH]: A short term Hook Reversal has formed with My Net Fone which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 8 occurrences of this bar reversal giving a signal probability of 3%.



The Hook Reversal is a specific form of an inside day where there is a failure to maintain the trending move. This reversal signal is not an absolute break in the trend. Most traders will notice the lower closing price and a failure to make a new high but unaware of the loss of commitment.

[Calculation] Hook Reversal:
1) Uptrend: Open (near low) & Close (near high) & [High] < [High Yesterday] & [Low] > [Low Yesterday];
2) Downtrend: Open (near high) & Close (near low) & [High] < [High Yesterday] & [Low] > [Low Yesterday]

Top 10:

Bar Reversal

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Company Close Close Change (%) Volume Value Signal
ARA Ariadne Australia 0.71 7.6 441,553 -1 BEARISH
AQG Alacer Gold Corp 2.7 3.8 432,156 -1 BEARISH
INM Iron Mountain 47.86 3 95,565 -1 BEARISH
PHI Phileo Australia 12.55 2.5 779 -1 BEARISH
STO Santos 6.21 2.5 3,779,431 -1 BEARISH
MAQ Macquarie Telecom 20.9 2.4 5,181 -1 BEARISH
UOS United Overseas Australia 0.68 2.3 1,400 -1 BEARISH
MAH Macmahon 0.24 2.2 2,430,827 -1 BEARISH
SST Steamships Trading Company 18.89 2.1 6,006 -1 BEARISH
SOM Somnomed 2.06 2 5,923 -1 BEARISH
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