AIO.AX has closed above the upper band by 9.3%. Although price has broken the upper band and a upside breakout is possible; the most likely direction for AIO.AX is to continue within current trading range. It is unclear right now based on current numbers. 46.4% narrower than normal. The narrow width of the bands suggests low volatility as compared to AIO.AX's normal range. The bands have been in this narrow range for 12 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=aio&c=ax&Analysis=Analysis'
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AIO.AX has closed above the upper band by 9.3%. Although price...
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