CMW.AX finds buyers around 1.10 for the third day in a row
CMW.AX finished Thursday at 1.10 flat.
Thursday's trading range was A$0.00 (0.0%), that's far below last trading month's daily average range of A$0.01. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.
Notwithstanding a strong opening Cromwell Prop closed below the previous day's open and close, forming a bearish Engulfing Candle.
The market found buyers again today around 1.10 for the third trading day in a row after having found demand at 1.10 in the prior session and at 1.10 two days ago.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying could speed up should prices move above the nearby swing high at 1.11 where further buy stops might get triggered.
Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a neutral sentiment for the next trading day.
Market Conditions for Cromwell Prop Ordinary/Units FP Stapled Securities
|Low close to previous two Lows||TQ Pro Members Only|
|Hanging Man||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Tweezer Top||TQ Pro Members Only|
|Bullish Bounce off SMA 20||TQ Pro Members Only|
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