Danakali: CCI(-167)

Danakali: CCI(-167)

[BULLISH]: Danakali (ASX:DNK) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -167. The bullish signal has been active for 4 days. During the quarter, the lowest CCI value was -246.

DNK Basic Candle: Long Black

[BEARISH]: Danakali has formed a Long Black candlestick. This means, DNK has traded with strong selling 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.

Danakali continues negative divergence & potential shift in direction

[BEARISH]: Danakali current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.29. Danakali (ASX:DNK) received a confirmed CMF crossover days on the May 1 2019. The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.92 occurring on the May 1 2019.

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