CMW.AX finds support at 20-day moving average

Cromwell Prop Ordinary/Units FP Stapled Securities (CMW.AX) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team


Traders officially love to buy CMW.AX around 1.12 level
CMW.AX finds support at 20-day moving average
CMW.AX still stuck within tight trading range
CMW.AX closes within previous day's range


CMW.AX finished the week -0.88% lower at 1.13 after losing A$0.01 (-0.88%) today. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.

Daily Candlestick Chart (CMW.AX as at Jul 13, 2018):

Daily technical analysis candlestick chart for Cromwell Prop Ordinary/Units FP Stapled Securities (CMW.AX) as at Jul 13, 2018

Friday's trading range was A$0.02 (1.75%), that's slightly above last trading month's daily average range of A$0.02. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average. Prices continued to consolidate within a tight trading range between 1.12 and 1.14 which it has been in now for the last trading week.

The share was bought again around 1.12 after having seen lows at 1.12, 1.12 and 1.12 in the last three trading sessions. Obviously there is something going on at that level. After trading as low as 1.12 during the day, the market found support at the 20-day moving average at 1.12.

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

Market Conditions for CMW.AX as at Jul 13, 2018

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