West African Resources (WAF)

Download button icon Download

West African Resources (WAF): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

West African Resources (WAF.AX)


Indicator:

BEAR HARAMI


Last Signal:

BEARISH


Trading: SELL @ $0.295
Signal Strength: STRONG
Recommendation:

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.


West African Resources (ASX:WAF) has formed a new Bear Harami reversal pattern.



This pattern consists of a white body and a small black body that is completely inside the range of the white body. If an outline is drawn for the pattern it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The white candlestick is “the mother” and the small candlestick is “the baby”.

Calculation: Bear Harami Candlestick Pattern:
1) The market is characterized by a prevailing uptrend;
2) A white body is observed on the first day;
3) The black body that is formed on the second day is completely engulfed by the body of the first day;


PROFILE: West African Resources (WAF.AX)


Stock Exchange: ASX
Company: West African Resources
Ticker Codes: | WAF.AX | ASX:WAF |

About West African Resources (ASX:WAF):

West African Resources Limited engages in the acquisition, exploration, and development of mineral resource projects in West Africa. It holds 100% interests in the Sanbrado gold project; and the Boulsa gold project located in Burkina Faso. The company was incorporated in 2006 and is based in Scarborough, Australia.

Top 10:

Weak Reversal

Download button icon Download
Company Close Change (%) Volume Value Signal
ZIM Zimbabwe Platinum Mines 8.5 15.6 3,496 0 NEUTRAL
SMX Sms Management & Technology 0.61 11.9 462,038 0 NEUTRAL
MLX Metals X 0.23 7.1 6,862,209 0 NEUTRAL
EMH European Metals Holdings 0.3 7.1 10,000 0 NEUTRAL
TPE Tpi Enterprises 1.06 7.1 2,063,642 0 NEUTRAL
PGH Pact 2.72 6.3 2,710,679 0 NEUTRAL
SYR Syrah Resources 1.05 6.1 5,208,632 0 NEUTRAL
REG Rg Capital Radio 3.5 5.7 383,184 0 NEUTRAL
EHE Estia Health 2.85 4.4 2,186,345 0 NEUTRAL
AJX Alexium International 0.12 4.3 5,479 0 NEUTRAL
back to top