ATH finds buyers around 48.93 for the third day in a row
Athene Holding Ltd (ATH) Technical Analysis Report for Aug 10, 2018
Moving higher for the 2nd day in a row, ATH ended the week 0.75% higher at 49.60 after gaining $0.29 (0.59%) today. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range.
Daily Candlestick Chart (ATH as at Aug 10, 2018):
Friday's trading range was $1.07 (2.17%), that's far above last trading month's daily average range of $0.86. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being way above average. Prices continued to consolidate within a tight trading range between 48.90 and 50.06 which it has been in now for the last trading week.
Prices are trading close to a key support level at 48.90. The market found buyers again today around 48.93 for the third trading day in a row after having found demand at 48.90 in the previous session and at 48.99 two days ago.
Though still in a long-term downtrend, the short and medium-term trends both turned bullish already.
Selling could accelerate should prices move below the nearby swing low at 48.90 where further sell stops might get activated.