Thoughts.
Upward momentum continues.
Bullish signals:
-Price has increased in excess of 20% in last week and 26.3% in last month.
-All Ords rose 1.7% for month. This represents a relative price increase of 24.6% for month.
-KAB betting all Ords in excess of 80%.
-Price to 200 day Moving Average Price ratio 1.11, a bullish indicator. In the past 200 days this has exceeded 1.11 14 times suggesting further up side.
-KAB is trading above both its MAPs at 2.22 for 200 day MAP and 1.90 for the 50 day MAP, another bullish indicator.
-Both the 12 day Exponential Moving Average (EMA) as well as the 26 day EMA are rising. Bullish signal.
-Price rise combined with high relative strength further bullish indicator. DYOR.
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