Neometals

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Open/close reversal confirmed for Neometals signalling the sellers have lost control

[BULLISH]: Neometals opened in the upper part of daily range at 100% & closed in the upper part of the trading range at 100%. This suggests the sellers have lost control. Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 11.1%.

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

[BULLISH]: Neometals buyers are in control at the market close. There has been 5 consecutive days of prices closing in the upper part of the trading range for Neometals 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 6 trading days with the closing price in the upper part of the range giving a confirmation ratio of 2.3%. Over the last month there has been 6 trading days with the closing price in the upper range giving a confirmation ratio of 33.3%. Currently this quarter, closing price has spent 6 days in the upper price range compared to 2 days in the lower range giving a ratio of 3x.

Buying pressure for Neometals continues - bullish signal

Buying pressure for Neometals continues - bullish signal

[BULLISH]: Neometals current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.35. Neometals (ASX:NMT) received a confirmed CMF crossover days on the May 20 2019. The bullish signal has been active for 6 days. During the quarter, the highest CMF value was 0.35 occurring on the May 20 2019.

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