Regional Express

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This is the first day of buyer commitment for Regional Express adding strength to an uptrend in the first timeframe

This is the first day of buyer commitment for Regional Express adding strength to an uptrend in the first timeframe

[BULLISH]: Regional Express buyers are in control at the market close. This is the first day of buyer commitment for Regional Express adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 2 trading days with the closing price in the upper part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the upper range giving a confirmation ratio of 12.5%. Currently this quarter, closing price has spent 2 days in the upper price range compared to 3 days in the lower range giving a ratio of 0.7x.

REX Basic Candle: White Marubozu

[BULLISH]: Regional Express has formed a White Marubozu candlestick. This means, REX has received strong buying confidence and upward 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.

Open/close reversal: Buyers were in control of trading all day for REX

Open/close reversal: Buyers were in control of trading all day for REX

[BULLISH STRONG]: Regional Express opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 100%. This suggests the buyers were in control all day. Over the last 12 months there has been 1 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 6.3%.

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