WEB.AX pushes through previous session high
WEB.AX ended Thursday at 13.46 surging A$0.42 (3.22%) on high volume. This is the biggest single day gain in over a month. Today's closing price of 13.46 marks the highest close since Inception. Closing above Wednesday's high at 13.30, the market confirms its breakout through the previous session's high having traded A$0.42 above it intraday.
Thursday's trading range was A$0.62 (4.73%), that's far above last trading month's daily average range of A$0.27. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a bullish sentiment for the next trading day, our quantitative statistics show a different picture being very bearish.
Market Conditions for Webjet Limited
|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|
|2 Consecutive Higher Closes||TQ Pro Members Only|
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