Trading: BUY @ $0.615
Signal Strength: STRONG
Indicator CAN 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.
Thorn (ASX:TGA) has formed a new Advancing White Soldiers pattern.
Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend.
Calculation: White Soldiers Candlestick Pattern: This pattern consists of three consecutive long-bodied candlesticks that have closed higher than the previous day with each sessions open occurring within the body of the previous candle.
PROFILE: Thorn (TGA.AX)
Stock Exchange: ASX
Ticker Codes: | TGA.AX | ASX:TGA |
Thorn Group Limited, together with its subsidiaries, provides a range of financial solutions to consumers and businesses in Australia. It is involved in the leasing of household products to consumers; and provision of leasing and other financial services to small and medium size enterprises under the Radio Rentals name. The company also engages in the provision of loans, commercial finance, and receivables management services. Thorn Group Limited was founded in 1937 and is based in Chullora, Australia.
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