significant uptrend bulls are moving

Price volume trend
The price surged 8.3% in the last week and soared 18.2% in the last month. This has been propped up by
robust volume of 2.4 times average for the week and by firm volume 1.2 times average for the month.

Relativity
Today its percentile rank in the Australian market was 95. In the Australian market of 1,373 stocks and 78
units traded today, the stock has a 6-month relative strength of 81 which means it is outperforming 81% of
the market. A price rise combined with a high relative strength is a bullish signal.

Moving average price (MAP) [with equal weight-age to prices at close]

The price to 200-day MAP ratio is 1.35, a bullish indicator. In the past 200 days this ratio has exceeded 1.35
eight times suggesting further upside. The stock is trading above both its MAPs and the 50-day MAP of
1.20c is higher than the 200-day MAP of 0.96c, another bullish indicator.
Exponential Moving Average Price (EMAP) [with higher weight-age to recent prices]
The price to 50-day EMAP ratio is 1.1, a bullish indicator.

Breakout
In the last three months the stock has hit a new 52-week high twice. The bulls are maintaining control with
price open, high, low and close exceeding yesterday's levels.

Support
The support price is hovering at the 1.10c level. Volume traded at the strong support price zone was 0.9
times average during the two occasions when the support price was breached. In the last one month the first
low was at 1.10c on Dec 17, the second decline halted at 1.10c on Dec 14.
Resistance

The stock hit a new two-day high of 1.30c on decreased volume index of 0.2 on Tuesday. Resistance is apparent at 1.50c. Volume was 2.3 times average during the two occasions when the resistance price was breached in the last three months. In the last three months the highest was at 1.50c on Nov 09, the second advance halted at 1.50c on Nov 08.

Rises to Falls
In the last three months the number of rises outnumbered falls 18:13 or 1.4:1.