LLC.AX closes below its opening price unable to hold early session gains
Lend Lease Group (LLC.AX) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
Moving lower for the 2nd day in a row, LLC.AX ended the week 0.38% higher at 21.08 after edging lower A$0.08 (-0.38%) today on low volume. Trading A$0.19 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Thursday's low at 21.16, the stock confirms its breakout through the previous session's low having traded A$0.15 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (LLC.AX as at Aug 10, 2018):
Friday's trading range was A$0.34 (1.61%), that's slightly below last trading month's daily average range of A$0.40. Things look different on a weekly scale, where volatility is slightly 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.