Alkane Exploration

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Open/close reversal: Buyers have lost commitment during the trading day for Alkane Exploration

[BULLISH WEAK]: Alkane Exploration opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 40%. This suggests the buyers have lost commitment. Over the last 12 months there has been 1 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 11.1%.

Normal trading conditions are continued for Alkane Exploration

[NEUTRAL]: Alkane Exploration (ASX:ALK) current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is -64. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was -182.

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Selling pressure for ALK.AX continues - bearish signal

[BEARISH]: Alkane Exploration current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.09. Alkane Exploration (ASX:ALK) received a confirmed CMF crossover days on the Oct 9 2019. The bearish signal has been active for 2 days. During the quarter, the lowest CMF value was -0.34 occurring on the Oct 9 2019.

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