RT is a VectorVest technical indicator that computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00.
RT analyzes a stock's price trend. Z1P.AX has a Relative Timing of 1.99, which is excellent on a scale of 0.00 to 2.00.
Z1P.AX has done very well since the last crossovers near 28 Dec 2017: (10&30), , . The value of RT hit 1.99 on yesterday.
If the price today closed higher than the last closed price. Z1P will have a higher chance to reach the resistance line of the blue channel.
Please note that RT = 1.99 is considered overbought, and = 89 at this moment.
As OBV rising, I won't consider too much on overbought. A target of 1.35 is reachable in the next few days. Therefore a return of 100% in 1 month is reachable.