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.
KAB Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held