Southern Cross Media (SXL.AX)
SHORT WHITE CANDLE
Trading: BUY @ $1.025
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.
Southern Cross Media (ASX:SXL) has formed a Short White candlestick. This means, SXL has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick implies a relatively weak buying pressure with a limited price movement.
Calculation: Short White Candlestick:
1) The body of the candlestick is white and small.
PROFILE: Southern Cross Media (SXL.AX)
Stock Exchange: ASX
Company: Southern Cross Media
Ticker Codes: | SXL.AX | ASX:SXL |
Southern Cross Media Group Limited engages in the creation and broadcasting of content on free to air commercial radio, TV, and online media platforms in Australia. The company owns 140 radio stations across 68 markets; and owns 19 regional free to air television licenses that cover 30 regional sub markets. It provides online advertising and integration through approximately 85 Websites; and develops microsites, mobile apps, online videos, and social media campaigns for clients. The company was formerly known as Macquarie Media Group. Southern Cross Media Group Limited is based in South Melbourne, Australia.
|API Australian Pharmaceutical||1.6||8.5||4,383,227||0||BULLISH|
|SGF SG Fleet||2.9||5.5||133,066||0||BULLISH|
|OSP Osprey Medical||0.12||4.5||345,993||0||BULLISH|
|SMN Structural Monitoring Systems||0.98||4.3||51,540||0||BULLISH|
|EWC Energy World Corporation||0.14||3.7||94,654||0||BULLISH|
|NHC New Hope||3.6||3.2||1,964,732||0||BULLISH|