Daily trading for AMH indicated sellers are still in control

Daily trading for AMH indicated sellers are still in control

[BEARISH]: Amcil sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Amcil 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 3.3%. Over the last month there has been 5 trading days with the closing price in the lower range giving a confirmation ratio of 41.7%. Currently this quarter, closing price has spent 5 days in the lower price range compared to 3 days in the upper range giving a ratio of 1.7x.

This is the first day of seller commitment for United Overseas Australia adding strength to an downtrend in the first timeframe

This is the first day of seller commitment for United Overseas Australia adding strength to an downtrend in the first timeframe

[BEARISH]: United Overseas Australia sellers in control. This is the first day of seller commitment for United Overseas Australia 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 2 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.4%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 16.7%. Currently this quarter, closing price has spent 2 days in the lower price range compared to 3 days in the upper range giving a ratio of 0.7x.

Load More
back to top