CLW.AX closes lower for the 4th day in a row
CHTR H LWR Stapled Securities (CLW.AX) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team
Moving lower for the 4th day in a row, CLW.AX finished the week -6.65% lower at 4.21 after losing A$0.03 (-0.71%) today. Today's closing price of 4.21 marks the lowest close since May 31st. Closing below Thursday's low at 4.23, the share confirms its breakout through the prior session's low having traded A$0.03 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (CLW.AX as at Jul 13, 2018):
Friday's trading range was A$0.04 (0.95%), that's far below last trading month's daily average range of A$0.07. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly below average.
While the market is currently in a short-term down trend, this could just be a correction, as the medium and long term trends are both positive.
Further selling might move prices lower should the market test June's close-by low at 4.18.