[BEARISH]: Pacsoft has formed a Long Black candlestick. This means, PAC has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick implies relatively strong selling pressure and shows that prices declined during the day significantly from open to close and the sellers were aggressive.
Calculation: Long Black Candlestick:
1) The body of the candlestick is black and long;
PROFILE: Pacsoft (PAC.AX)
Stock Exchange: ASX
Ticker Codes: | PAC.AX | ASX:PAC |
Pacific Current Group Limited engages in multi-boutique asset management business worldwide. It manages assets for institutional and individual clients. The company was formerly known as Treasury Group Ltd and changed its name to Pacific Current Group Limited in October 2015. Pacific Current Group Limited was founded in 2001 and is based in Sydney, Australia.
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