Thorn

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TGA Basic Candle: Short White

[BULLISH WEAK]: Thorn has formed a Short White candlestick. This means, TGA has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Thorn : Buyers have lost commitment.

[BULLISH WEAK]: Thorn opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 50%. 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 12.5%.

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