Pacific Smiles

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CMF showing selling pressure & potential change in direction for PSQ.AX

CMF showing selling pressure & potential change in direction for PSQ.AX

[BEARISH]: Pacific Smiles current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.07. Pacific Smiles (ASX:PSQ) received a confirmed CMF crossover days on the Aug 14 2019. The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.45 occurring on the Aug 14 2019.

Pacific Smiles : 0.618 Fibonacci Fan ($2.42)

Pacific Smiles : The current Fibonacci Fan levels are: (23.61%) $2.86: (38.2%) $2.51: (50%) $2.47: (61.8%) $2.42The current support levels are: (78.6%) $2.38: (100%) $2.31: (138.2%) $2.2: (161.8%) $2.12: (261.8%) $1.81: (423.61%) $1.33

Pacific Smiles : Sellers are in control at the market close.

[BEARISH]: Pacific Smiles sellers in control. This is the first day of seller commitment for Pacific Smiles 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 2 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.4%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 16.7%. Currently this quarter, closing price has spent 2 days in the lower price range compared to 1 days in the upper range giving a ratio of 2x.

PSQ Basic Candle: Black Marubozu

[BEARISH]: Pacific Smiles has formed a Black Marubozu candlestick. This means, PSQ 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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