Ale Property

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CMF showing selling pressure & potential change in direction for LEP.AX

CMF showing selling pressure & potential change in direction for LEP.AX

[BEARISH]: Ale Property current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.74. Ale Property (ASX:LEP) received a confirmed CMF crossover days on the Apr 11 2019. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.86 occurring on the Apr 11 2019.

Seller commitment has continued for Ale Property  adding strength to an downtrend in the first timeframe

Seller commitment has continued for Ale Property adding strength to an downtrend in the first timeframe

[BEARISH]: Ale Property sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Ale Property 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 4 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 22.2%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 4 days in the upper range giving a ratio of 1x.

LEP Basic Candle: Short White

LEP Basic Candle: Short White

[BULLISH WEAK]: Ale Property has formed a Short White candlestick. This means, LEP has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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