Raining so no golf, bugger!
A little observation I have made is price turning points and I will talk SPI although XJO is much the same.
From the May high we bottomed at just over 4950 then bounced.
Next low was just over 4750.
Theb we rallied to just over 5150.
My low projection is just over 4350.
Yep, they all end in 50's.
And what is missing?
They step down by 200 except 4550 is not there.
For that reason, if we see 4550ish it may be a tradeable point.
short or long , page-29
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8,356.4 |
Change
56.200(0.68%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,300.2 | 8,363.2 | 8,300.2 |
| XJO (ASX) Chart |