FPH.AX rockets 2.12% closing A$0.29 higher

Fisher & Paykel H Foreign Exempt NZX (FPH.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team


FPH.AX rallies 2.12% closing A$0.29 higher
FPH.AX dominated by bulls lifting the market higher throughout the day
FPH.AX closes higher for the 4th day in a row
FPH.AX ends the day on a bullish note closing near the high of the day
FPH.AX pushes through previous session high


Moving higher for the 4th day in a row, FPH.AX ended Thursday at 13.95 surging A$0.29 (2.12%). This is the biggest single day gain in over a week. Today's closing price of 13.95 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 13.68, Fisher & confirms its breakout through the previous session's high having traded A$0.30 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

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

Daily technical analysis candlestick chart for Fisher & Paykel H Foreign Exempt NZX (FPH.AX) as at Jun 14, 2018

Thursday's trading range was A$0.24 (1.75%), that's slightly above last trading month's daily average range of A$0.24. Weekly volatility is also higher, being above the markets average with the monthly volatility being way above average.

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

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