What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Basic Candlestick

Score

1.7

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 105 3.9 0.44% 0.73% 4.6% -2.4% 62.8%
SHORT 104 5.0 0.52% 1.02% 5.2% -2.7% 137.0%

Summary

Technical Analysis

Orocobre (ORE.AX)


Indicator:

WHITE CANDLE


Last Signal:

BULLISH


Trading: BUY @ $3.4
Signal Strength: WEAK
Recommendation:

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.


Orocobre (ASX:ORE) has formed a White candlestick. Normal buying pressure highlighting buyers were in control.



This candlestick implies normal buying pressure and shows that prices advanced during the day from open to close and the buyers were in control.

Calculation: White Candlestick Pattern:
1) The body of the candlestick is white with normal length;


PROFILE: Orocobre (ORE.AX)


Stock Exchange: ASX
Company: Orocobre
Ticker Codes: | ORE.AX | ASX:ORE |

About Orocobre (ASX:ORE):

Orocobre Limited explores for and develops lithium and potash deposits in Argentina. Its flagship project is the Salar de Olaroz lithium project located in north-west province of Jujuy. The company also produces boron minerals and refined chemicals. Orocobre Limited is based in Milton, Australia.

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