SHORT BLACK CANDLE
Trading: SELL @ $5.57
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.
NIB (ASX:NHF) has formed a Short Black candlestick. This means, NHF has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick implies a relatively weak selling pressure with a limited price movement.
Calculation: Short Black Candlestick:
1) The body of the candlestick is black and small;
PROFILE: NIB (NHF.AX)
Stock Exchange: ASX
Ticker Codes: | NHF.AX | ASX:NHF |
nib holdings limited provides health insurance services to residents, and international students and visitors in Australia, New Zealand, and internationally. It operates through five segments: Australian Residents Health Insurance, New Zealand Residents Health Insurance, International (Inbound) Health Insurance, World Nomads Group, and nib Options. The company offers health insurance products, including single, couples, and family health insurance; life insurance; and travel insurance, as well as funeral and income protection insurance services. It also facilitates access to cosmetic and dental treatment. nib holdings limited was founded in 1952 and is headquartered in Newcastle, Australia.
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