AOG.AX tumbles, loses A$0.06 (-2.42%) within a single day
Aveo Group Ordinary/Units FP Stapled Securities (AOG.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
AOG.AX ended Thursday at 2.42 tanking A$0.06 (-2.42%). This is the biggest single day loss in over two months. Today's closing price of 2.42 marks the lowest close since October 18, 2017. Closing below Wednesday's low at 2.45, the market confirms its breakout through the previous session's low having traded A$0.05 below it intraday.
Daily Candlestick Chart (AOG.AX as at Jun 14, 2018):
Thursday's trading range was A$0.09 (3.64%), that's far above last trading month's daily average range of A$0.05. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.
Breaking below the key support level at 2.46 today, it is now likely to act as resistance going forward.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.