SKI.AX finds buyers again around 2.26
Spark Infrastructure Stapled $0.65 Loan Note and U (SKI.AX) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team
SKI.AX ended the week -0.87% lower at 2.27 after flat today on low volume. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (SKI.AX as at Sep 14, 2018):
Friday's trading range was A$0.02 (0.88%), that's far below last trading month's daily average range of A$0.04. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
After having been unable to move lower than 2.26 in the prior session, Spark Infrastructure found buyers again around the same price level today at 2.26.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.