SPK.AX closes below its opening price unable to hold early session gains
Spark New Zealand Foreign Exempt NZX (SPK.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
SPK.AX finished Thursday at 3.53 flat. Trading A$0.04 higher after the open, the share was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (SPK.AX as at Jun 14, 2018):
Thursday's trading range was A$0.06 (1.69%), that's slightly above last trading month's daily average range of A$0.06. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.