|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Sky City Entertainment (SKC.AX)
WHITE OPENING MARUBOZU
Trading: BUY @ $3.7
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.
Sky City Entertainment (ASX:SKC) has formed a White Opening Marubozu candlestick. This means, SKC has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick represents extreme bullishness and it is characterized with a long white body that has an upper shadow but no lower shadow.
Calculation: White Opening Marubozu Candlestick:
1) The body of the candlestick is white and long;
2) There is no lower shadow;
PROFILE: Sky City Entertainment (SKC.AX)
Stock Exchange: ASX
Company: Sky City Entertainment
Ticker Codes: | SKC.AX | ASX:SKC |
SKYCITY Entertainment Group Limited, together with its subsidiaries, operates in the gaming/entertainment, hotel and convention, hospitality, recreation, and tourism sectors in New Zealand and Australia. The company operates through SKYCITY Auckland, Rest of New Zealand, Adelaide Casino, SKYCITY Darwin, and International Business segments. It engages in hotels and convention, food and beverage, car parking, sky tower, and other related activities. The company also operates casinos in Auckland, Hamilton, and Queenstown, New Zealand; and Adelaide and Darwin, Australia, as well as various restaurants and bars. SKYCITY Entertainment Group Limited was incorporated in 1994 and is based in Auckland, New Zealand.
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