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: Boral (BLD.AX)
Stock Exchange: ASX
Ticker Codes: | BLD.AX | ASX:BLD |
Boral Limited manufactures and supplies building and construction materials in Australia, the United States, and the Asia Pacific. It offers aggregates, ash, asphalt, blocks, bricks, cement, cement additives and dry mixes, commercial pavers, concrete, decorative concrete, grout, lime, oxides, pavers, plasterboard, plastering DIY bags, retaining walls, and roof tiles; and pool surfacing, quarry, sand quarry and specialized, stabilization, stone, and structural timber products, as well as timber cladding, decking, and flooring products. The company also provides material technical, pallet pick-up, and roof tiling installer services; and engages in the transport and property activities. It serves residential and non-residential construction, and the engineering and infrastructure markets. Boral Limited was founded in 1946 and is headquartered in North Sydney, Australia.
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