TAH.AX closes within previous day's range
Tabcorp Holdings Limited (TAH.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
Moving lower for the 2nd day in a row, TAH.AX ended Thursday at 4.59 losing A$0.02 (-0.43%). Closing within the previous day's range, prices failed to decisively move beyond the prior 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 (TAH.AX as at Jun 14, 2018):
Thursday's trading range was A$0.10 (2.18%), that's above last trading month's daily average range of A$0.08. Weekly volatility is also higher, being above the markets average with the monthly volatility being slightly above average.
Prices are trading close to a key support level at 4.52. Prices are trading close to the key resistance level at 4.66. After trading as low as 4.54 during the day, the market found support at the 100-day moving average at 4.57.
Though still in a long-term downtrend, the short and medium-term trends both turned bullish already.