Forager Australian Shares

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Forager Australian Shares opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day.

[BEARISH STRONG]: Forager Australian Shares opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. 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 2.9%. 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 33.3%.

This is the first day of seller commitment for Forager Australian Shares adding strength to an downtrend in the first timeframe

This is the first day of seller commitment for Forager Australian Shares adding strength to an downtrend in the first timeframe

[BEARISH]: Forager Australian Shares sellers in control. This is the first day of seller commitment for Forager Australian Shares adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 4 trading days with the closing price in the lower part of the range giving a confirmation ratio of 2.9%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 33.3%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 1 days in the upper range giving a ratio of 4x.

FOR Basic Candle: Black Marubozu

[BEARISH]: Forager Australian Shares has formed a Black Marubozu candlestick. This means, FOR has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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