Shine Corporate (SHJ.AX)
LONG BLACK CANDLE
Trading: SELL @ $0.71
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.
Shine Corporate (ASX:SHJ) has formed a Long Black candlestick. This means, SHJ has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick implies relatively strong selling pressure and shows that prices declined during the day significantly from open to close and the sellers were aggressive.
Calculation: Long Black Candlestick:
1) The body of the candlestick is black and long;
PROFILE: Shine Corporate (SHJ.AX)
Stock Exchange: ASX
Company: Shine Corporate
Ticker Codes: | SHJ.AX | ASX:SHJ |
Shine Corporate Limited provides damages based plaintiff litigation legal services in Australia; and insurance recovery consulting services in New Zealand. It operates through two segments, Personal Injury and Emerging Practice Areas. The company offers legal services related to personal injuries practice area, including medical negligence, public liability, catastrophic injuries, workers' compensation, and motor vehicle accidents; and other practice areas, such as disability insurance and superannuation claims, professional negligence, social justice, class actions, first party insurance recovery claims, landowners' rights, aviation, product liability, family law, and asbestos compensation. Shine Corporate Limited was founded in 1976 and is based in Brisbane, Australia.
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