Government stimulus favouring the property market in Australia. Overall optimistic sentiment due to better crisis control. RSI in mid-range but relatively overbought
Classic Dow theory: Trendline support
Risks
1. Expecting sideways movement next week and a breakout either way--> Tight stop loss 2. Retesting Accumulation zone @0.675 and 50MA 3. Bad news over the weekend (Unlikely) 4. Retailer panic selling(unlikely)