|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Regis Resources (RRL.AX)
1ST TIMEFRAME TREND
Trading: BUY @ $4.86
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.
Regis Resources (ASX:RRL) is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position
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: 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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