CMF showing buying pressure & potential change in direction for RHL.AX

CMF showing buying pressure & potential change in direction for RHL.AX

[BULLISH]: Ruralco Holdings current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.25. Ruralco Holdings (ASX:RHL) received a confirmed CMF crossover days on the May 31 2019. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.28 occurring on the May 31 2019.

Ruralco Holdings: Sellers were in control all day.

[BEARISH STRONG]: Ruralco Holdings opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the lower 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 upper range & the closing the price in the lower price range giving a confirmation ratio of 12.5%.

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