CTX.AX tanks, loses A$0.49 (-1.46%) within a single day
Caltex Australia Ltd (CTX.AX) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
CTX.AX ended the week 0.82% higher at 33.11 after tanking A$0.49 (-1.46%) today on low volume. This is the biggest single day loss in over a month. The bears were in full control today, moving the market lower throughout the whole session. Closing below Thursday's low at 33.24, the share confirms its breakout through the prior session's low having traded A$0.28 below it intraday.
Daily Candlestick Chart (CTX.AX as at Aug 10, 2018):
Friday's trading range was A$0.54 (1.61%), that's above last trading month's daily average range of A$0.47. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.