GAS2GRID SURGES 9.5% ON ROBUST VOLUME, INSIGNIFICANT UPTREND...

GAS2GRID SURGES 9.5% ON ROBUST VOLUME, IN
SIGNIFICANT UPTREND compared with the All
Ordinaries Index which fell 52.7 points (or 0.9%) on the day, this
represented a relative price change of 10.4%.

TECHNICAL ANALYSIS
SIGNIFICANT UPTREND

Price Volume Trend: The price soared 40.2% in the last week and 85.5%
in the last month. This has been propped up by robust volume of 2.0 times
average for the week and by firm volume 1.99 times average for the month.
Relativities: Compared with the All Ordinaries Index which rose 1.3% for
the week and 9.2% for the month, this represented a relative price increase
of 36.5% for the week and 78.8% for the month. Since open its percentile
rank in the Australian market was 94. In the Australian market of 2,091
stocks, the stock has a 6-month relative strength of 93 which means it is
beating 93% of the market. A price rise combined with a high relative
strength is a bullish signal. Also, the relative strength percentile is rising at
93 for 6 months, 96 for 3 months and 99 for 1 month.
Moving Average Price (MAP): The price to 200-day MAP ratio is 1.4, a
bullish indicator. The stock is trading above both its MAPs at 8.20c for the
200-day MAP and 7.35c for the 50-day MAP, a bullish indicator. The 200-
day MAP has increased to 8.20c. An increase is another bullish indicator.
Breakout: The stock traded at a five-month high of 12.0c today. The bulls
are maintaining control with price open, high, low and close exceeding
yesterday's levels.
Support: The support price is hovering at the 5.60c level. Volume traded at
the support price zone was 3.2 times average during the two occasions
when the support price was breached. In the last one month the first low
was at 5.60c on Mar 26, the second decline halted at 5.60c on Mar 27.
Resistance: Resistance is apparent at 12.0c. Volume was 2.2 times
average during the single occasion when the resistance price was breached
in the last one month. In the last one month the high was at 12.0c on Apr
24.
Bullish Signals
Fundamentals: The Price to Book of 2.1 is lower than average of 32.5 for
the Total Market.
Price To Map200: The price to 200-day moving average price


HOPE EVERYONE IS ENJOYING THE RIDE....
Cheers T24