Tpg Telecom (TPM)

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Tpg Telecom (TPM): Signals

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TECHNICAL ANALYSIS SUMMARY

Tpg Telecom (TPM.AX)


Indicator:

HOOK REVERSAL


Last Signal:

BEARISH


Trading: SELL @ $7.64
Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation but is strengthened by additional indicator confirmation. Indicator can be applied to the short or medium term timeframe and is able to highlight a potential change in price direction. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Tpg Telecom (ASX:TPM) A short term Hook Reversal has formed with Tpg Telecom which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.



The Hook Reversal is a specific form of an inside day where there is a failure to maintain the trending move. This reversal signal is not an absolute break in the trend. Most traders will notice the lower closing price and a failure to make a new high but unaware of the loss of commitment.

Calculation: Hook Reversal:
1) Uptrend: Open (near low) & Close (near high) & [High] < [High Yesterday] & [Low] > [Low Yesterday];
2) Downtrend: Open (near high) & Close (near low) & [High] < [High Yesterday] & [Low] > [Low Yesterday]


PROFILE: Tpg Telecom (TPM.AX)


Stock Exchange: ASX
Company: Tpg Telecom
Ticker Codes: | TPM.AX | ASX:TPM |

About Tpg Telecom (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.

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