Western Areas

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

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

[BEARISH]: Western Areas current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.12. Western Areas (ASX:WSA) received a confirmed CMF crossover days on the May 3 2019. The bearish signal has been active for 2 days. During the quarter, the lowest CMF value was -0.2 occurring on the May 3 2019.

Closing price for Western Areas has seen sellers continue to win the daily battle for performance @ -3.1%

Closing price for Western Areas has seen sellers continue to win the daily battle for performance @ -3.1%

[BEARISH]: Western Areassellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for WSA adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -5.4 & the greatest daily negative change this year has been -93.3. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -95.9%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -95.9%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.7x. Over the last month the average daily downward movement has been -2.200000%

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