LLC.AX ends the day indecisive
LLC.AX finished Tuesday at 17.56 edging lower A$0.04 (-0.23%) on low volume. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Tuesday's trading range was A$0.18 (1.02%), that's far below last trading month's daily average range of A$0.31. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
Regardless of a strong opening Lend Lease closed below the previous day's open and close, forming a bearish Engulfing Candle.
Prices are trading close to the key resistance level at 17.74.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying could accelerate should prices move above the nearby swing high at 17.74 where further buy stops might get activated. With prices trading close to this year's high at 18.08, upside momentum could speed up should the stock be able to break out to new highs for the year.
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
|Bullish Bounce off SMA 20||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Close to R1 Resistance||TQ Pro Members Only|
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