NRW

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

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

[BULLISH WEAK]: NRW opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 33.3%. This suggests the buyers have lost commitment. 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 middle 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 middle price range giving a confirmation ratio of 14.3%.

Negative divergence for NRW @ -0.02

Negative divergence for NRW @ -0.02

[BEARISH]: NRW current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.02. NRW (ASX:NWH) received a confirmed CMF crossover days on the Sep 18 2019. The bearish signal has been active for 3 days. During the quarter, the lowest CMF value was -0.12 occurring on the Sep 18 2019.

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