Daily trading for AMH indicated sellers are still in control

[BEARISH]: Amcil sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Amcil 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 5 trading days with the closing price in the lower part of the range giving a confirmation ratio of 3.3%. Over the last month there has been 5 trading days with the closing price in the lower range giving a confirmation ratio of 41.7%. Currently this quarter, closing price has spent 5 days in the lower price range compared to 3 days in the upper range giving a ratio of 1.7x.

New Hope opened in the upper part of daily range at 75% & closed in the lower part of the trading range at 25%. This suggests the sellers were in control all day.

[BEARISH STRONG]: New Hope opened in the upper part of daily range at 75% & closed in the lower part of the trading range at 25%. This suggests the sellers were in control all day. Over the last 12 months there has been 3 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 2%. Over the last month there has been 3 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 25%.

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