Perpetual Equity Investment (PIC.AX)
Trading: BUY @ $1.075
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.
Perpetual Equity Investment (ASX:PIC) has formed a White Marubozu candlestick. This means, PIC has received strong buying confidence and upward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick represents extreme bullishness and is characterized by a long white body having no shadows on either end.
Calculation: White Marubozu Candlestick:
1) The body of the candlestick is white and long;
2) There are no upper or lower shadows;
PROFILE: Perpetual Equity Investment (PIC.AX)
Stock Exchange: ASX
Company: Perpetual Equity Investment
Ticker Codes: | PIC.AX | ASX:PIC |
Perpetual Equity Investment Company Limited invests in listed securities. The company was incorporated in 2014 and is based in Sydney, Australia.
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