OZL.AX closes within previous day's range
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.
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.
While classical technical analysis indicates a bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
Market Conditions for OZ Minerals
|2 Consecutive Higher Closes||TQ Pro Members Only|
|Up Close near high of period||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
|Takuri Line||TQ Pro Members Only|
|Bullish Intraday Reversal||TQ Pro Members Only|
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