CMW.AX finds buyers around 1.10 for the third day in a row
Cromwell Prop Ordinary/Units FP Stapled Securities (CMW.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
CMW.AX finished Thursday at 1.10 flat.
Daily Candlestick Chart (CMW.AX as at Jun 14, 2018):
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.