[BEARISH]: A short term Hook Reversal has formed with Oneview Healthcare which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 3 occurrences of this bar reversal giving a signal probability of 1.1%.
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]
PROFILE: Oneview Healthcare (ONE.AX)
Stock Exchange: ASX
Company: Oneview Healthcare
Ticker Codes: | ONE.AX | ASX:ONE |
Oneview Healthcare PLC, a software and solutions company, designs, develops, implements, and sells software and related consultancy services for the healthcare sector in Ireland, the United States, Australia, and the Middle East and North Africa. The company offers Inpatient, a platform that allows active collaboration between patients and clinical staff; Connect, a mobile application; Senior Living solution; and Patient Pathways, a product, which targets the digitization of various clinical pathways. It serves hospitals and healthcare providers. Oneview Healthcare PLC was incorporated in 2012 and is headquartered in Dublin, Ireland.
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