Washington H Soul Pattison & Co

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SOL.AX: Bullish relationship forming between price & volume

SOL.AX: Bullish relationship forming between price & volume

[BULLISH]: Washington H Soul Pattison & Co current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.07. Washington H Soul Pattison & Co (ASX:SOL) received a confirmed CMF crossover days on the May 14 2019. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.11 occurring on the May 14 2019.

Washington H Soul Pattison & Co: Sellers are in control at the market close.

[BEARISH]: Washington H Soul Pattison & Co sellers in control. This is the first day of seller commitment for Washington H Soul Pattison & Co 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 5 days in the upper range giving a ratio of 0.6x.

[Short]: Exit price for SOL should be set @$21.479

Washington H Soul Pattison & Co has broken the first Woodie support point ($21.479) [Bearish]. Look for a short limit order entry near this point. Exit price for SOL should be set @$21.479 & short position stoploss for Washington H Soul Pattison & Co should be set at $23.449

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