Regis Resources (RRL.AX)
Trading: SELL @ $5.2
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.
Regis Resources (ASX:RRL) has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.
This candlestick implies normal selling pressure and shows that prices declined during the day from open to close and the sellers were in control.
Calculation: Black Candlestick Pattern:
1) The body of the candlestick is black with normal length;
PROFILE: Regis Resources (RRL.AX)
Stock Exchange: ASX
Company: Regis Resources
Ticker Codes: | RRL.AX | ASX:RRL |
Regis Resources Limited, together with its subsidiaries, explores for, evaluates, and develops gold projects in Australia. The company owns 100% interest in the Duketon gold project located to the north of Laverton, Western Australia. It also owns interest in the McPhillamys gold project and Blayney gold project in New South Wales. Regis Resources Limited was founded in 1988 and is based in Subiaco, Australia.
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