[BEARISH]: Gold Company sellers in control. This is the first day of seller commitment for Gold Company 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 4 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 28.6%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 4 days in the upper range giving a ratio of 1x.
Where the closing price fall within the day’s trading range highlights whether are in control.
[Calculations] Close Today Versus Range Today (CTRT):
1) When the closing price is near the high of the day buyers were in control at the close of the trading session;
2) When the closing price is near the low of the day sellers were in control at the close of the trading session;
3) When the closing price is near the middle of the day’s range where neither the buyers or sellers were in control at the close of the trading session;
PROFILE: Gold Company (GGG.AX)
Stock Exchange: ASX
Company: Gold Company
Ticker Codes: | GGG.AX | ASX:GGG |
Greenland Minerals Limited engages in the exploration and evaluation of mineral properties in Australia. The company explores for rare earth elements, uranium, and zinc. It primarily focuses on advancing the Kvanefjeld multi-element project located in southern Greenland. The company was formerly known as Greenland Minerals and Energy Limited and changed its name to Greenland Minerals Limited in June 2018. Greenland Minerals Limited is headquartered in Subiaco, Australia.
Close vs RangeDownload
|CLQ Clean Teq Holdings||0.53||15.2||4,429,067||-1||BEARISH|
|BDR Beadell Resources||0.06||11.5||4,487,745||-1||BEARISH|
|PLS Pilbara Minerals||0.86||6.9||12,562,487||-1||BEARISH|
|RRL Regis Resources||4.11||6.5||4,264,650||-1||BEARISH|
|SVW Seven Holdings||22.5||6||2,742,176||-1||BEARISH|
|KDR Kidman Resources||1.08||5.9||3,197,717||-1||BEARISH|
|MLX Metals X||0.59||5.4||1,316,606||-1||BEARISH|
|SAR Saracen Mineral||1.88||5.3||7,044,035||-1||BEARISH|