News Corporation

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News Corporation: Buyers are now becoming increasingly eager.

News Corporation: Buyers are now becoming increasingly eager.

[BULLISH]: News Corporation buyers are increasingly eager. This is the first day buyers have increased eagerness for NWS adding strength to an uptrend in the first timeframe. The biggest price range this month has been $1.7250. & the greatest daily price range this year has been $3.0600. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.6x.

Open/close reversal: Sellers have lost commitment during the trading day for News Corporation

[BEARISH WEAK]: News Corporation opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 60.5%. This suggests the sellers have lost commitment. Over the last 12 months there has been 1 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 5.6%.

News Corporation continues positive divergence & potential shift in direction

[BULLISH]: News Corporation current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.34. News Corporation (ASX:NWS) received a confirmed CMF crossover days on the May 17 2019. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.35 occurring on the May 17 2019.

News Corporation (NWS): Dark Cloud Cover short-term pattern has been confirmed

News Corporation (NWS): Dark Cloud Cover short-term pattern has been confirmed

[BEARISH]: News Corporation has formed a new bearish Dark Cloud Cover reversal pattern. This means, NWS has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.

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