REA Group

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REA Group (REA): Dark Cloud Cover short-term pattern has been confirmed

REA Group (REA): Dark Cloud Cover short-term pattern has been confirmed

[BEARISH]: REA Group has formed a new bearish Dark Cloud Cover reversal pattern. This means, REA has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.

REA Group: 1.618 Fibonacci Extension ($64.47)

REA Group: The current Fibonacci Extension levels are: (23.61%) $90.01: (38.2%) $87.31: (50%) $85.13: (61.8%) $82.95The current support levels are: (78.6%) $79.84: (100%) $75.89: (138.2%) $68.83: (161.8%) $64.47: (261.8%) $45.99: (423.61%) $16.09

Daily trading for REA indicated sellers are now in control

Daily trading for REA indicated sellers are now in control

[BEARISH]: REA Group sellers in control. This is the first day of seller commitment for REA Group 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 3 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 18.8%. Currently this quarter, closing price has spent 3 days in the lower price range compared to 5 days in the upper range giving a ratio of 0.6x.

Chaikin Oscillator is showing buying pressure for REA.AX

[BULLISH]: REA Group current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.14. REA Group (ASX:REA) received a confirmed CMF crossover days on the Feb 22 2019. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.29 occurring on the Feb 22 2019.

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