RRS.AX has closed below upper band by 34.9%. Bollinger Bands are 92% narrower than normal. The narrow width of the bands suggests low volatility as compared to RRS.AX's normal range. The bands have been in this narrow range for 26 bars. This is a sign that the market may be about to initiate a new trend. An upward move is expected.
check here:
"http://au.stoxline.com/q_au.php?symbol=rrs&c=ax&Analysis=Analysis"
technicals
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