Trading: SELL @ $5.9
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.
Nufarm (ASX:NUF) has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.
This candlestick implies normal selling pressure and shows that prices declined during the day from open to close and the sellers were in control.
Calculation: Black Candlestick Pattern:
1) The body of the candlestick is black with normal length;
PROFILE: Nufarm (NUF.AX)
Stock Exchange: ASX
Ticker Codes: | NUF.AX | ASX:NUF |
Nufarm Limited, together with its subsidiaries, manufactures and sells crop protection products in Australia, New Zealand, Asia, Europe, North America, Latin America, and internationally. It operates through two segments, Crop Protection and Seed Technologies. The company offers herbicides, insecticides, fungicides, and plant growth regulators to protect crops from damage caused by weeds, pests, and diseases. It also provides seeds and seed treatment products; and engages in croplands equipment business. The company is headquartered in Laverton North, Australia.
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