Avon Resources

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AVN Basic Candle: Long White

[BULLISH]: Avon Resources has formed a Long White candlestick. This means, AVN has traded with strong buying pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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Avon Resources: Over the last 12 months there has been 2 trading days giving a confirmation ratio of 0.8%.

[BULLISH]: Avon Resources opened in the upper part of daily range at 69.2% & closed in the upper part of the trading range at 100%. This suggests the sellers have lost control. Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 28.6%.

Avon Resources: Close versus price range (100%.)

[BULLISH]: Avon Resources buyers are in control at the market close. There has been 3 consecutive days of prices closing in the upper part of the trading range for Avon Resources adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 4 trading days with the closing price in the upper 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 upper range giving a confirmation ratio of 57.1%. Currently this quarter, closing price has spent 4 days in the upper price range compared to 2 days in the lower range giving a ratio of 2x.

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