Virgin Australia Holdings

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Open/close reversal: Sellers have lost control during the trading day for VAH

[BULLISH]: Virgin Australia Holdings opened in the upper part of daily range at 100% & closed in the upper part of the trading range at 100%. This suggests the sellers have lost control. Over the last 12 months there has been 3 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 18.8%.

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