TAH.AX closes within prior day's range after lackluster session
TAH.AX ended the week 6.0% higher at 4.95 after losing A$0.01 (-0.2%) today. Closing within the prior day's range, prices failed to decisively move beyond 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.
Friday's trading range was A$0.07 (1.41%), that's below last trading month's daily average range of A$0.10. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being above average.
After having been unable to move above 4.98 in the prior session, Tabcorp Holdings ran into sellers again around the same price level today, failing to move higher than 4.99.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bullish.
Market Conditions for Tabcorp Holdings Limited
|Close to R1 Resistance||TQ Pro Members Only|
|Decisive Up Move||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Price broke through Technical Resistance R1||TQ Pro Members Only|
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