Tribune Resources (TBR.AX)
SHORT WHITE CANDLE
Trading: BUY @ $4.83
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.
Tribune Resources (ASX:TBR) has formed a Short White candlestick. This means, TBR 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: Tribune Resources (TBR.AX)
Stock Exchange: ASX
Company: Tribune Resources
Ticker Codes: | TBR.AX | ASX:TBR |
Tribune Resources Limited, together with its subsidiaries, explores for, develops, and produces mineral properties in Australia. It explores for gold and silver deposits. The company focuses on the East Kundana and West Kundana joint venture tenements. Tribune Resources Limited is based in South Perth, Australia.
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