OZL.AX closes within previous day's range
OZ Minerals (OZL.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
OZL.AX finished Thursday at 10.31 flat. The bulls were in full control today, moving the market higher throughout the whole session. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range.
Daily Candlestick Chart (OZL.AX as at Jun 14, 2018):
Thursday's trading range was A$0.22 (2.17%), that's slightly below last trading month's daily average range of A$0.24. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
Prices are trading close to a key support level at 10.28.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.