READING TIME: 2 MINUTES
THESE TABLE SHOW WHERE BUYERS/SELLERS HAVE BEEN THE MOST DOMINANT.
Being the start of a new week and the start of a new month, this note includes end of week and end of month data.
Candlestick Formations (Buyer/Seller Dominance) form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The share name (2) the candle's 'change from open’ (over 1 session) i.e. from the start of the first hour of the trading day to the end of the last hour of the trading day'. This is used to determine the strength/weakness of the candle formation i.e. the greater (+) the percentage, the stronger the candle formation and the weaker (-) the percentage, the weaker the candle formation and (3) the share's short term technical rating i.e. which phase the share is in over a 7 day period.
END OF DAY
Top 15 (Strongest)
Bottom 15 (Weakest)
END OF WEEK
Top 15 (Strongest)
Bottom 15 (Weakest)
END OF MONTH
Top 15 (Strongest)
Bottom 15 (Weakest)
Related Post: https://www.unum.capital/post/tactical-trading-guide
Lester Davids
Analyst: Unum Capital
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