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: Northern Star Resources (NST.AX)
Stock Exchange: ASX
Company: Northern Star Resources
Ticker Codes: | NST.AX | ASX:NST |
Northern Star Resources Limited engages in the exploration and development of gold deposits in Australia. It holds interests in the Jundee, Kundana, Kanowna Belle, and Paulsens projects located in Western Australia; and the Central Tanami project located in the Northern Territory. The company was founded in 2000 and is based in Subiaco, Australia.
|WGX Westgold Resources||1.13||6.1||450,410||0||NEUTRAL|
|CAB Cabcharge Australia||2.08||4||39,330||0||NEUTRAL|
|MNS Milnes Holdings||0.35||2.9||343,808||0||NEUTRAL|
|MVP Medical Developments||4.78||2.8||30,123||0||NEUTRAL|
|PAI Platinum Asia Investments||1.18||2.6||335,387||0||NEUTRAL|