Jako, I enjoy reading your charting & commentary.
The Feb low of 5739.8 also seems to be a pivotal level on the XJO.
Interestingly, 5690 is the 50% Fib level of the Apr-Jul decline. Today it rejected this level and looks to be heading back into the recent distribution zone.
Last year the index bottomed Fri 8 Aug and then had a run-up into reporting season. Wonder if we'll get a similar pattern this yr?
Go the Extra Mile..... - Thursday, page-2
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Last
7,753.7 |
Change
26.900(0.35%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,726.8 | 7,784.8 | 7,726.8 |
| XJO (ASX) Chart |