Our two market leaders, BHP and CBA, have also bounced off (rejected/respected) the 50 day sma, and slight piercing of lower bollinger also bullish.
Today's bounces also came off 50% fib of this latest short-term range for BHP, and close enough for CBA.
Bollingers are narrowing, pre-empting a big move. Up?
It could all come to nothing of course, so we wait with baited breath.
I'll post CBA chart. XJO and BHP very similar.
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 (20min delay)
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |