Ellerston Asian Investment

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EAI Basic Candle: Short Black

EAI Basic Candle: Short Black

[BEARISH]: Ellerston Asian Investment has formed a Short Black candlestick. This means, EAI has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

EAI: Over the last 12 months there has been 3 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.1%.

[BEARISH]: Ellerston Asian Investment sellers in control. This is the first day of seller commitment for Ellerston Asian Investment 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 3 trading days with the closing price in the lower 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 lower range giving a confirmation ratio of 16.7%. Currently this quarter, closing price has spent 3 days in the lower price range compared to 3 days in the upper range giving a ratio of 1x.

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