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 [< 1 min read]
Highlights
CMW.AX finds buyers around 1.10 for the third day in a row
TQ Sentiment
Technical Forecast:
Overview

CMW.AX finished Thursday at 1.10 flat.

Daily chart for CMW.AX
Volatility

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.

Price Action

Notwithstanding a strong opening Cromwell Prop closed below the previous day's open and close, forming a bearish Engulfing Candle.

Support/Resistance

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.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Buying could speed up should prices move above the nearby swing high at 1.11 where further buy stops might get triggered.

Conclusion

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
ConditionForecastDirectionWinAvgWorstBest
Low close to previous three Lows TQ Pro Members Only
Low close to previous two Lows TQ Pro Members Only
Low close to previous low TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Doji TQ Pro Members Only
More market conditions identified for TQ Pro members...
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