TWO CROW REVERSAL
Trading: SELL @ $4.87
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.
Navitas (ASX:NVT) has formed a new Two Crows reversal pattern.
This pattern is a made up of three candlesticks. The black candlesticks of the second and third day represent the two crows that perched on the first white candlestick.
Calculation: Two Crows Candlestick Pattern:
1) The market is characterized by a prevailing uptrend;
2) A strong white candlestick appears on the first day;
3) The second day is a black candlestick that gaps up;
4) On the last day another black candlestick appears that opens inside the body of the second day and then closes inside the body of the first day;
PROFILE: Navitas (NVT.AX)
Stock Exchange: ASX
Ticker Codes: | NVT.AX | ASX:NVT |
Navitas Limited provides educational services for students and professionals in Australia, the United Kingdom, Europe, Asia, Canada, the United States, and internationally. It operates through University Partnerships and Careers & Industry segments. The University Partnerships segment offers pre-university and university pathway programs that focus on providing pre and first-year university courses to international students who do not qualify for direct entry to partner universities due to either language or academic record. The Careers & Industry segment delivers education programs in the area of creative media, including audio, film, and multimedia courses; and English language tuition and jobs skills training services, as well as higher and vocational education services in health, security, and psychology. The company was founded in 1994 and is headquartered in Perth, Australia.
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