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A Piercing Pattern (Bullish) candlestick pattern has been detected for Seven Holdings (SVW).

[BULLISH]: Seven Holdings has formed a new Bullish Piercing reversal pattern. This means, SVW has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.

Washington H Soul Pattison & Co closed in the lower part of daily range at 16.7%.

Washington H Soul Pattison & Co closed in the lower part of daily range at 16.7%.

[BEARISH]: Washington H Soul Pattison & Co sellers in control. There has been 3 consecutive days of prices closing in the lower part of the trading range for Washington H Soul Pattison & Co 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 5 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.9%. Over the last month there has been 5 trading days with the closing price in the lower range giving a confirmation ratio of 55.6%. Currently this quarter, closing price has spent 5 days in the lower price range compared to 2 days in the upper range giving a ratio of 2.5x.

Expanding price range for SOL signalling buyers are now becoming more eager

[BULLISH]: Washington H Soul Pattison & Co buyers are increasingly eager. This is the first day buyers have increased eagerness for SOL adding strength to an uptrend in the first timeframe. The biggest price range this month has been $1.3500. & the greatest daily price range this year has been $11.5300. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.1x.

SVW: 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

[BULLISH WEAK]: Seven Holdings opened in the lower part of daily range at 22.9% & closed in the middle part of the trading range at 57.1%. 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 22.2%.

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