ASX Small Ordinaries

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XSO Basic Candle: White Opening Marubozu

[BULLISH]: ASX Small Ordinaries has formed a White Opening Marubozu candlestick. This means, XSO has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

ASX Small Ordinaries opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 72.7%. This suggests the buyers were in control all day.

[BULLISH STRONG]: ASX Small Ordinaries opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 72.7%. This suggests the buyers were in control all day. 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 upper 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 upper price range giving a confirmation ratio of 18.2%.

Momentum(14) is now decreasing for ASX Small Ordinaries

[BEARISH CROSSOVER]: ASX Small Ordinaries currently has negative momentum of -24.3 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.7%.The largest downward momentum rally for the last 3 months is 1 days producing a return of 0%.

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