Trade Me (TME.AX)
Trading: BUY @ $5.95
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Trade Me (ASX:TME) has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jan 9 2019.
The Tricklar medium term trend indicator (TRICK) highlights the peaks and troughs associated with a combination of bars within the first timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the second timeframe. The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.
Calculation: Tricklar medium trend (TRICK):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs;
PROFILE: Trade Me (TME.AX)
Stock Exchange: ASX
Company: Trade Me
Ticker Codes: | TME.AX | ASX:TME |
Trade Me Group Limited, together with its subsidiaries, operates and manages an online marketplace and classified advertising platform in New Zealand. It operates through General Items, Classifieds, and Other segments. The General Items segment engages in an online marketplace business. The Classifieds segment operates classified advertising sites for motors, property, and jobs. The Other segment engages in the online advertising, travel, dating, payments gateway, life and health insurance comparison, and general insurance businesses. The company also provides online vehicle data services; real estate and employment services; and other ancillary services. Trade Me Group Limited was founded in 1999 and is headquartered in Wellington, New Zealand.
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