LNK.AX finds support at 20-day moving average


Link Admin HLDG (LNK.AX) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
LNK.AX finds support at 20-day moving average
LNK.AX breaks below previous session low
LNK.AX ends the day indecisive
TQ Sentiment
Technical Forecast:
Overview

LNK.AX finished Thursday at 7.12 losing A$0.08 (-1.11%) on low volume. Closing below Wednesday's low at 7.15, the share confirms its breakout through the prior session's low having traded A$0.14 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for LNK.AX
Volatility

Thursday's trading range was A$0.18 (2.51%), that's above last trading month's daily average range of A$0.14. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being way below average.

Support/Resistance

After trading as low as 7.01 during the day, Link Admin found support at the 20-day moving average at 7.02.

Trend

Although the stock is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.

Order Flow

Buying could speed up should prices move above the close-by swing high at 7.31 where further buy stops might get triggered.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bearish.

Market Conditions for Link Admin HLDG
ConditionForecastDirectionWinAvgWorstBestEvents
Close to R1 Resistance TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
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