REA Group (REA.AX)
TWO WHITE SOLDIERS
Trading: BUY @ $78.02
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.
REA Group (ASX:REA) has formed a new Two White Soldiers pattern.
The two white soldiers candlestick pattern suggests a medium change in market sentiment. Without any significant shadows, the market opens slightly lower, the bulls take over the rally all session, and close near the high of the day. The pattern may appear during periods of consolidation or following a prolonged downtrend, but the latter represents the most attractive opportunity for traders to take long positions.
PROFILE: REA Group (REA.AX)
Stock Exchange: ASX
Company: REA Group
Ticker Codes: | REA.AX | ASX:REA |
REA Group Limited provides advertising services to the real estate industry in Australia and Asia. It advertises property and property-related services on Websites and mobile apps. The company operates Australian residential, commercial, and share property sites, such as realestate.com.au, realcommercial.com.au, and Flatmates.com.au; Chinese property site myfun.com; and various property portals in Asia. It also provides advertising services to the real estate industry. The company was formerly known as realestate.com.au Ltd. and changed its name to REA Group Limited in December 2008. REA Group Limited was founded in 1995 and is headquartered in Richmond, Australia. REA Group Limited is a subsidiary of News Limited.
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