HSO.AX dominated by bulls lifting the market higher throughout the day
Healthscope Limited (HSO.AX) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
HSO.AX finished the week unchanged at 2.18 after flat today on low volume. The bulls were in full control today, moving the market higher throughout the whole session. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range.
Daily Candlestick Chart (HSO.AX as at Aug 10, 2018):
Friday's trading range was A$0.03 (1.39%), that's slightly below last trading month's daily average range of A$0.03. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
After having been unable to move above 2.19 in the prior session, the stock ran into sellers again around the same price level today, failing to move higher than 2.19.
Though still in a long-term uptrend, the short and medium-term trends both turned bearish already.