BAP.AX ends the day on a bullish note closing near the high of the day
Bapcor Limited (BAP.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
BAP.AX finished Thursday at 6.83 gaining A$0.05 (0.74%). The bulls were in full control today, moving the market higher throughout the whole session. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (BAP.AX as at Jun 14, 2018):
Thursday's trading range was A$0.10 (1.48%), that's slightly above last trading month's daily average range of A$0.10. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being way below average.
After having been unable to move lower than 6.76 in the previous session, the share found buyers again around the same price level today at 6.75.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying might accelerate should prices move above the nearby swing high at 6.93 where further buy stops could get activated.