Nanosonics Ltd forms bearish "Inside Bar" chart pattern
Nov 16, 2020Trading Central has detected an "Inside Bar (Bearish)" chart pattern formed on Nanosonics Ltd (NAN:ASX). This bearish signal indicates that the stock price may fall from the close of6.36.
Tells Me: The balance between buyers and sellers, recently dominated by the bulls, is evening out. We may see lower prices ahead. An Inside Bar develops during a strong uptrend, when the trading range is completely within the boundaries of the prior bar. This suggests the balance between buyers and sellers is becoming more evenly balanced i.e. a weakening in power for the bulls and increasing in power for the bears.
This bearish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
source: bell potter
NAN NOV 5 2020, page-23
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Last
$3.31 |
Change
0.160(5.08%) |
Mkt cap ! $1.002B | |||
| Open | High | Low | Value | Volume |
| $3.37 | $3.48 | $3.28 | $13.77M | 4.080M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 60232 | $3.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.32 | 2090 | 1 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| NAN (ASX) Chart |