The last week's trading action has seen a jump above the 50-day...

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    The last week's trading action has seen a jump above the 50-day moving average (yellow line). This average, while declining slightly, now acts as a temporary level of support:

    https://hotcopper.com.au/data/attachments/1805/1805032-5bb953ce6855f4f42a26c0df14dfd24f.jpg

    A different (though positive) story applies to the 200-day moving average, which crossed $12,000 last week. Daily prices are about 10% above that:

    https://hotcopper.com.au/data/attachments/1805/1805039-40f49915ba7f378540bb87944153e203.jpg

    With October over, the monthly chart shows a continued trend of falling highs (both on the intramonth and closing levels):

    https://hotcopper.com.au/data/attachments/1805/1805049-8e9fcda2da8f9654c0a7d828d2825093.jpg
 
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