Meanwhile, on the charting front, lol...
Our banks are nicely oversold, CBA on trendline support and also 50 day sma and average volume. Smallish bullish candle.
If this doesn't hold could fall another 75 cents to a dollar.
BHP oversold, below-average selling volume, close to 50 day sma but a buck or so above trendline. And worrisome downside gaps. May fall further.
Those two are of course the two biggest stocks on the ASX.
XJO a few points above trendline support, oversold, and according to my chart, today confirms last Friday as a swing low.
So I'm expecting a reversal pretty soon.
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Last
8,592.4 |
Change
22.000(0.26%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,570.4 | 8,632.6 | 8,570.4 |
| XJO (ASX) Chart |