Trading: SELL @ $2.79
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.
Steadfast (ASX:SDF) 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: Steadfast (SDF.AX)
Stock Exchange: ASX
Ticker Codes: | SDF.AX | ASX:SDF |
Steadfast Group Limited operates in the insurance broking industry in Australasia, Asia, and Europe. It operates as a co-owner and consolidator of brokers; underwriting agencies; and other complementary businesses, including life and reinsurance broking, premium funding, technology, back office, work health consultancy, and specialized legal practice. The company operates a network of 361 general insurance brokers and 24 underwriting agencies. Steadfast Group Limited was founded in 1996 and is based in Sydney, Australia.
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