West African Resources

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14-day momentum is increasing for West African Resources

[BULLISH]: West African Resources currently has positive momentum of 0.02. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0%. The largest upward momentum rally for the last 3 months is 3 days producing a return of 0%.

Open/close reversal: Buyers have lost control during the trading day for West African Resources

[BEARISH]: West African Resources opened in the lower part of daily range at 25% & closed in the lower part of the trading range at 0%. This suggests the buyers have lost control. 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 lower 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 lower price range giving a confirmation ratio of 6.7%.

West African Resources: Sellers are in control at the market close.

[BEARISH]: West African Resources sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for West African Resources 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 20%. Currently this quarter, closing price has spent 3 days in the lower price range compared to 2 days in the upper range giving a ratio of 1.5x.

West African Resources: Buyers are now becoming increasingly eager.

[BULLISH]: West African Resources buyers are increasingly eager. This is the first day buyers have increased eagerness for WAF adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.0600. & the greatest daily price range this year has been $0.1280. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.5x.

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