Gascoyne Resources

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Gascoyne Resources: Sellers are in control at the market close.

[BEARISH]: Gascoyne Resources sellers in control. There has been 5 consecutive days of prices closing in the lower part of the trading range for Gascoyne Resources 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 7 trading days with the closing price in the lower part of the range giving a confirmation ratio of 2.7%. Over the last month there has been 7 trading days with the closing price in the lower range giving a confirmation ratio of 38.9%. Currently this quarter, closing price has spent 7 days in the lower price range compared to 1 days in the upper range giving a ratio of 7x.

Open/close reversal confirmed for Gascoyne Resources signalling the sellers were in control all day

Open/close reversal confirmed for Gascoyne Resources signalling the sellers were in control all day

[BEARISH STRONG]: Gascoyne Resources opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 4 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 22.2%.

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