TAH.AX closes within prior day's range after lackluster session
Tabcorp Holdings Limited (TAH.AX) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
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.
Daily Candlestick Chart (TAH.AX as at Aug 10, 2018):
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.