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Good Morning and Welcome to the XJO Thursday Thread
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News for Today (AEST)
The XJO closed higher on Wednesday, where spread and volume increased nicely (but not excessively.....which is important).
Despite my uncertainty because of the end of financial year, the Index did respond positively to the recent price action. And the momentum generated may now be enough to carry price up to test the strength of the mid April break down line @5790.6
It also offers some confirmation that the most recent price action was indeed absorbing supply as was suspected.
Good Trading and Investing
Mud Thursday
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Last
7,881.3 |
Change
127.600(1.65%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,753.7 | 7,900.2 | 7,753.7 |
| XJO (ASX) Chart |