RFG.AX closes 3.64% higher at 0.57
Retail Food Group (RFG.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
RFG.AX finished Thursday at 0.57 gaining A$0.02 (3.64%).
Daily Candlestick Chart (RFG.AX as at Jun 14, 2018):
Thursday's trading range was A$0.05 (9.09%), that's slightly above last trading month's daily average range of A$0.05. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly above average.
Regardless of a weak opening the stock managed to close above the previous day's open and close, forming a bullish Engulfing Candle.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
Selling could speed up should prices move below the close-by swing low at 0.52 where further sell stops might get triggered.