CGC.AX climbs to highest close since Inception
CGC.AX ended Thursday at 8.44 gaining A$0.13 (1.56%) on high volume. Today's closing price of 8.44 marks the highest close since Inception. Closing above Wednesday's high at 8.36, the market confirms its breakout through the prior session's high having traded A$0.19 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Thursday's trading range was A$0.18 (2.15%), that's slightly above last trading month's daily average range of A$0.17. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.
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 bullish.
Market Conditions for Costa Group Holdings
|Close to R1 Resistance||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|Bounced off Technical Resistance R1||TQ Pro Members Only|
|5 Consecutive Higher Closes||TQ Pro Members Only|
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