Tpg Telecom (TPM.AX)
SHORT BLACK CANDLE
Trading: SELL @ $7.37
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.
Tpg Telecom (ASX:TPM) has formed a Short Black candlestick. This means, TPM has limited price movement derived from weak selling 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 selling pressure with a limited price movement.
Calculation: Short Black Candlestick:
1) The body of the candlestick is black and small;
PROFILE: Tpg Telecom (TPM.AX)
Stock Exchange: ASX
Company: Tpg Telecom
Ticker Codes: | TPM.AX | ASX:TPM |
TPG Telecom Limited provides telecommunication services to residential, small business, corporate, government, and wholesale customers in Australia and internationally. It offers ADSL2+, NBN, fiber optic and Ethernet broadband access, telephony services, Internet protocol television, SIM only mobile plans, and various business networking solutions. The company also provides various bundle plans; Internet products, including broadband off-net and premium SHDSL solutions; POP3 and Internet message access protocol email accounts; phone cards; and video surveillance and business VOIP products. In addition, it offers virtual private network, point-to-point, Ethernet multipoint connectivity, wavelength, and dark fiber services; SIP and inbound voice, ISDN PRI and PSTN, and BizPhone services; and private cloud, virtual data center, national AWS connect, and co-location services. The company was formerly known as SP Telemedia Limited and changed its name to TPG Telecom Limited in December 2009. TPG Telecom Limited is headquartered in North Ryde, Australia.
|BOC Bougainville Copper||0.19||15.2||2,000||1||BULLISH|
|VAH Virgin Australia Holdings||0.2||8.3||322,385||1||BULLISH|
|SGR The Star Entertainment||4.58||5.3||3,025,465||0||BULLISH|
|EPW ERM Power||1.65||5.1||110,867||1||BULLISH|
|AJX Alexium International||0.12||4.5||408,959||0||BULLISH|
|EQT Equity Trustees||24||4.3||34,589||0||BULLISH|
|GCY Gascoyne Resources||0.12||4.3||2,720,069||1||BULLISH|