Commonwealth Bank: Sellers are in control at the market close.

[BEARISH]: Commonwealth Bank sellers in control. This is the first day of seller commitment for Commonwealth Bank adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 2 trading days with the closing price in the lower part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 22.2%. Currently this quarter, closing price has spent 2 days in the lower price range compared to 3 days in the upper range giving a ratio of 0.7x.

Buyer commitment has continued for Gale Pacific adding strength to an uptrend in the first timeframe

Buyer commitment has continued for Gale Pacific adding strength to an uptrend in the first timeframe

[BULLISH]: Gale Pacific buyers are in control at the market close. There has been 3 consecutive days of prices closing in the upper part of the trading range for Gale Pacific adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 3 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 33.3%. Currently this quarter, closing price has spent 3 days in the upper price range compared to 3 days in the lower range giving a ratio of 1x.

Load More
back to top