MEL.AX has closed above the upper band by 10.3%. If the price is in a uptrend; then this upward trend has a good chance to continue. above the upper band by 10.3%. 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 368.1% wider than normal. The large width of the bands suggest high volatility as compared to MEL.AX's normal range. The bands have been in this wide range for 5 bars. This is a sign that the current trend might continue.
