[BULLISH]: The Star Entertainment has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Sep 20 2018.
The Tricklar medium term trend indicator (T2) highlights the peaks and troughs associated with a combination of bars within the first timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the second timeframe. The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.
Calculation: Tricklar medium trend (T2):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs;
PROFILE: The Star Entertainment (SGR.AX)
Stock Exchange: ASX
Company: The Star Entertainment
Ticker Codes: | SGR.AX | ASX:SGR |
The Star Entertainment Group Limited, an integrated resort company, provides gaming, entertainment, and hospitality services in Australia. The company operates through three segments: Sydney, Gold Coast, and Brisbane. It owns and operates The Star Sydney casino, which includes hotels, apartment complex, restaurants, and bars; The Star Gold Coast casino, which consists of hotel, theatre, restaurants, and bars; and Treasury casino in Brisbane that comprises hotel, restaurants, and bars. The company also manages the Gold Coast Convention and Exhibition Centre. The Star Entertainment Group Limited has a strategic partnership with Chow Tai Fook Enterprises Limited and Far East Consortium International Limited. The company was formerly known as Echo Entertainment Group Limited and changed its name to The Star Entertainment Group Limited in November 2015. The Star Entertainment Group Limited was incorporated in 2011 and is based in Brisbane, Australia.
2nd timeframe trendDownload
|EMH European Metals Holdings||0.4||12.9||50,755||-1||BEARISH|
|KDR Kidman Resources||1.17||8.3||6,199,530||-1||BEARISH|
|BOC Bougainville Copper||0.17||6.3||61,005||-1||BEARISH|
|CNI Centuria Capital||1.39||6.1||207,220||-1||BEARISH|
|CAB Cabcharge Australia||2.4||5.7||194,554||-1||BEARISH|
|GOR Gold Road Resources||0.66||5.6||1,416,917||-1||BEARISH|
|PNR Pacific Niugini Minerals||0.2||5.3||494,855||-1||BEARISH|
|SIV Silver Chef||1.93||4.3||94,167||-1||BEARISH|