LLC.AX closes below its opening price unable to hold early session gains
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Lend Lease Group
|Down Close Near Low of Period||TQ Pro Members Only|
|2 Consecutive Lower Closes||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
|RSI(2) below 20||TQ Pro Members Only|
|Close near low of period||TQ Pro Members Only|
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