The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.
Calculation: Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;
PROFILE: Asaleo Care (AHY.AX)
Stock Exchange: ASX
Company: Asaleo Care
Ticker Codes: | AHY.AX | ASX:AHY |
Asaleo Care Limited manufactures, markets, distributes, and sells hygiene, personal care, and consumer tissue products in Australia, New Zealand, Fiji, and the Pacific Islands. The company manufactures and markets consumer brands, including Sorbent toilet and facial tissue, Handee paper towel, Deeko disposable tableware, Purex toilet tissue, and Treasures nappies; personal hygiene products under the Libra feminine hygiene brand and the TENA incontinence brand. It also provides Tork hygiene solutions to the commercial, public, health care, food service, and industrial segments; and supplies dispensers, paper towels, toilet tissues, soaps, napkins, and industrial and kitchen wipers under the Tork brand. In addition, the company distributes a range of consumer tissues; and produces toilet rolls, kitchen towels, serviettes, and facial tissues under the Orchid and Viti brands. Asaleo Care Limited sells its products to supermarkets, pharmacies, and convenience stores; and distributors, hospitals, aged care facilities, and community cares. The company was formerly known as PEPSCA Limited and changed its name to Asaleo Care Limited in May 2014. Asaleo Care Limited was founded in 1932 and is headquartered in Box Hill, Australia.
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