about to initiate a new trend

MMX.AX has closed above bottom band by 49.3%. Bollinger Bands are 76.3% narrower than normal. The narrow width of the bands suggests low volatility as compared to MMX.AX's normal range. The bands have been in this narrow range for 15 bars. This is a sign that the market may be about to initiate a new trend.

Check here:
'http://au.stoxline.com/q_au.php?symbol=mmx&c=ax&Analysis=Analysis'