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: Baby Bunting (BBN.AX)
Stock Exchange: ASX
Company: Baby Bunting
Ticker Codes: | BBN.AX | ASX:BBN |
Baby Bunting Group Limited operates as specialty retailer of baby goods in Australia. The company's principal product categories include prams, cots and nursery furniture, car safety, toys, babywear, feeding, nappies, manchester, and associated accessories. Its products primarily cater to parents with children from newborn to three years of age, and parents-to-be. The company operates 43 stores, as well as sells products online. Baby Bunting Group Limited was founded in 1979 and is based in Dandenong South, Australia.
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