Open/close reversal confirmed for Australian Pipeline Trust signalling the sellers have lost control

[BULLISH]: Australian Pipeline Trust opened in the upper part of daily range at 91.3% & closed in the upper part of the trading range at 82.6%. This suggests the sellers have lost control. 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 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 upper price range & the closing the price in the upper price range giving a confirmation ratio of 14.3%.

The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -43.2%

[BEARISH]: Spark Infrastructure sellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for SKI adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.9 & the greatest daily negative change this year has been -36.6. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -43.2%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -2.8%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.7x. Over the last month the average daily downward movement has been -1.200000%

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