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ASX Midcap50: Sellers were in control all day.

[BEARISH STRONG]: ASX Midcap50 opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 10.7%. This suggests the sellers were in control all day. Over the last 12 months there has been 4 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 44.4%.

Open/close reversal confirmed for ASX 200 signalling the sellers were in control all day

[BEARISH STRONG]: ASX 200 opened in the upper part of daily range at 99.2% & closed in the lower part of the trading range at 14.7%. This suggests the sellers were in control all day. Over the last 12 months there has been 4 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 44.4%.

Buyers continue to be keener than sellers for ASX 200 Materials & are driving the price up.

[BULLISH]: ASX 200 Materialsbuyers are keener than sellers and are driving the price up. There has been 4 consecutive days of price rise for XMJ adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 1.1 & the greatest daily positive change this year has been 853.0. The longest consecutive upswing rally over the last 12 months has been 7 days giving a total rally upward movement of 854.4%. This quarter, the largest upswing rally has been 7 days giving a total rally upward movement of 854.4%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.7x. Over the last month the average daily upward movement has been 0.600000%

Daily trading performance for XMD has initiated a short term downtrend

[BEARISH]: ASX Midcap50sellers are keener than buyers and are driving the price down. This is the first day of price decline for XMD adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.2 & the greatest daily negative change this year has been -3.2. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -7.1%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -3.8%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -1.200000%

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