Argo Investments

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Open/close reversal confirmed for Argo Investments signalling the buyers have lost control

[BEARISH]: Argo Investments opened in the lower part of daily range at 0% & closed in the lower part of the trading range at 25%. This suggests the buyers have lost control. Over the last 12 months there has been 2 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 11.1%.

Argo Investments currently has negative momentum of -0.53

[BEARISH]: Argo Investments currently has negative momentum of -0.53 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.4%.The largest downward momentum rally for the last 3 months is 3 days producing a return of -2.7%.

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