National Storage (NSR.AX)
Trading: SELL @ $1.75
Signal Strength: STRONG
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.
National Storage (ASX:NSR) has formed a new Bear Belt-Hold reversal pattern.
Bearish Belt Hold is a single candlestick pattern basically a Black Opening Marubozu that occurs in an uptrend. It opens on the high of the day and then prices begin to fall during the day against the overall trend of the market which eventually stops with a close near the low leaving a small shadow at the bottom of the candle. If longer bodies characterize the Belt Hold then the resistance they offer against the trend will be even much stronger.
Calculation: Bear Belt-Hold Candlestick Pattern:
1) The market is characterized by a prevailing uptrend;
2) The market gaps up and opens at its high and closes near to the low of the day;
3) A long black body that has no upper shadow (a Black Opening Marubozu) is observed;
PROFILE: National Storage (NSR.AX)
Stock Exchange: ASX
Company: National Storage
Ticker Codes: | NSR.AX | ASX:NSR |
National Storage is one of the largest self-storage providers in Australia and New Zealand, with 127 centres providing tailored storage solutions to over 40,000 residential and commercial customers across Australia and New Zealand. NSR is the first independent, internally managed and fully integrated owner and operator of self-storage centres to be listed on the Australian Securities Exchange (ASX).
|SXY Senex Energy||0.37||5.7||2,021,512||-1||BEARISH|
|MVF Monash IVF||1.04||3.5||599,535||-1||BEARISH|
|PNI Pinnacle Investment Management||5.31||2.9||450,308||-1||BEARISH|
|SDA Speedcast International||3.7||2.8||1,879,673||-1||BEARISH|
|ALL Aristocrat Leisure||22.94||2.6||4,320,199||-1||BEARISH|
|NBL Noni B||2.82||2.5||676,782||-1||BEARISH|
|PPT Perpetual Trustees Australia||33.4||2.5||132,729||-1||BEARISH|
|BFG Bell Financial||0.87||2.4||207,640||-1||BEARISH|