Trading: HOLD @ $12.86
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.
Transurban (ASX:TCL) has formed a Doji candlestick. This means, TCL has opened and closed at the same price highlighting the markets indecision over the course of the trading day.
This candlestick is formed when the opening and closing prices are virtually equal.
Calculation: Doji Candlestick Pattern:
1) The length of the body is null or close to null;
PROFILE: Transurban (TCL.AX)
Stock Exchange: ASX
Ticker Codes: | TCL.AX | ASX:TCL |
Transurban Group develops, operates, maintains, and finances urban toll road networks. It holds interest in 15 toll roads in Melbourne, Sydney, and Brisbane in Australia; and the Greater Washington Area in the United States. The company is headquartered in Docklands, Australia.
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