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  • Lester Davids

Buyer/Seller Dominance - Tuesday, 16 April 2024

READING TIME: 1 MINUTE


TUESDAY, 16 APRIL 2024 | 06h30


THESE TABLE SHOW WHERE BUYERS/SELLERS HAVE BEEN THE MOST DOMINANT.


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)




Lester Davids

Analyst: Unum Capital

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