Wam Leaders

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Wam Leaders continues negative divergence & potential shift in direction

Wam Leaders continues negative divergence & potential shift in direction

[BEARISH]: Wam Leaders current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.21. Wam Leaders (ASX:WLE) received a confirmed CMF crossover days on the Mar 22 2019. The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.44 occurring on the Mar 22 2019.

Sellers are now keener than buyers for Wam Leaders & are driving the price down.

Sellers are now keener than buyers for Wam Leaders & are driving the price down.

[BEARISH]: Wam Leaderssellers are keener than buyers and are driving the price down. This is the first day of price decline for WLE adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -1.4 & the greatest daily negative change this year has been -72.5. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -72.5%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -72.5%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.5x. Over the last month the average daily downward movement has been -0.400000%

WLE Basic Candle: Black Marubozu

WLE Basic Candle: Black Marubozu

[BEARISH]: Wam Leaders has formed a Black Marubozu candlestick. This means, WLE has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Wam Leaders: 0.618 Fibonacci Fan ($1.68)

Wam Leaders: The current Fibonacci Fan levels are: (23.61%) $1.79: (38.2%) $1.7: (50%) $1.68: (61.8%) $1.68The current support levels are: (78.6%) $1.66: (100%) $1.65: (138.2%) $1.6: (161.8%) $1.58: (261.8%) $1.5: (423.61%) $1.36

Sellers of Wam Leaders were in control at the market close.

Sellers of Wam Leaders were in control at the market close.

[BEARISH]: Wam Leaders sellers in control. This is the first day of seller commitment for Wam Leaders 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 2 trading days with the closing price in the lower part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 11.1%. Currently this quarter, closing price has spent 2 days in the lower price range compared to 4 days in the upper range giving a ratio of 0.5x.

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