WEB.AX pushes through previous session high
Webjet Limited (WEB.AX) Technical Analysis Report for Jun 14, 2018
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.
Daily Candlestick Chart (WEB.AX as at Jun 14, 2018):
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.