ADY.AX has closed above the upper band by 29.1%. If the price is in a uptrend; then this upward trend has a good chance to continue. above the upper band by 29.1%. If price is in a uptrend band; this upward trend in price might continue. However a short term pullback inside the band is likely.Bollinger Bands are 87.6% narrower than normal. The narrow width of the bands suggests low volatility as compared to ADY.AX's normal range. The bands have been in this narrow range for 29 bars. This is a sign that the market may be about to initiate a new trend. An upward move is expected.
Check here:
"http://au.stoxline.com/q_au.php?symbol=ady&c=ax&Analysis=Analysis"
an upward move is expected.
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