BWP.AX finds buyers again around 3.38
BWP Trust Ordinary Units FP (BWP.AX) Technical Analysis Report for Sep 14, 2018
Moving higher for the 4th day in a row, BWP.AX ended the week 2.7% higher at 3.42 after surging A$0.03 (0.88%) today. This is the biggest single day gain in over three days. Today's closing price of 3.42 marks the highest close since August 25, 2016.
Friday's trading range was A$0.05 (1.47%), that's far above last trading month's daily average range of A$0.03. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.
After having been unable to move lower than 3.38 in the previous session, the market found buyers again around the same price level today at 3.38.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bearish.
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