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

Highlights

CMW.AX finds buyers around 1.10 for the third day in a row

Overview

CMW.AX finished Thursday at 1.10 flat.

Daily Candlestick Chart (CMW.AX as at Jun 14, 2018):

Daily technical analysis candlestick chart for Cromwell Prop Ordinary/Units FP Stapled Securities (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.


Market Conditions for CMW.AX as at Jun 14, 2018

Loading Market Conditions for CMW.AX (Cromwell Prop Ordinary/Units FP Stapled Securities)...
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