The "look" is that of a 5 wave decline from $14.17, so if its in wave 5 of [3]. Then ideally it targets under $9.00.
Whilst the internal gyrations are not great, the over look fits as a 5 wave decline (so far).
Under $10.33 keeps the trend looking lower, so until it reverses above that area, sub $9.00 is possible.
elliott wave analysis of xjo & spi, page-23
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Last
8,285.2 |
Change
61.200(0.74%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,224.0 | 8,285.2 | 8,224.0 |
| XJO (ASX) Chart |