Retail Food (RFG.AX)
1ST TIMEFRAME TREND
Trading: HOLD @ $0.165
Signal Strength: WEAK
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Retail Food (ASX:RFG) has a neutral trend in the short term timeframe. The buyers & sellers are not dominant enough to swing the daily trend
The Tricklar short term trend indicator (T1) highlights the high points and low points associated with the individual bars. As such, successive rallies penetrating preceding high points whilst cancelling preceding lower troughs offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous Lower peaks whilst maintaining prices below the previous lower troughs indicates BEARISH trends in the second timeframe.
Calculation: Tricklar short trend (T1):
1) [BULLISH] An uptrend is a succession of higher highs and higher lows;
2) [BEARISH] A downtrend is a succession of lower highs and lower lows;
PROFILE: Retail Food (RFG.AX)
Stock Exchange: ASX
Company: Retail Food
Ticker Codes: | RFG.AX | ASX:RFG |
Retail Food Group Limited, together with its subsidiaries, owns, develops, and manages multi-brand retail food franchise in Australia. The company engages in the ownership of intellectual property; development and management of coffee roasting facilities; and the wholesale supply of coffee and allied products. It is also involved in the development and management of the procurement, warehousing, manufacturing, and distribution business of various brands. The company operates a network of approximately 2,500 outlets across 12 brand systems spanning 83 territories. Retail Food Group Limited was founded in 1989 and is based in Southport, Australia.
1st timeframe trendDownload
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