A trading day where the bulls took control from the 1st bounce which is indicated by the closing white full candle and a new closing high above the last 3 days. Although the last 3 days candle pattern is highly reliable to suggest a SP trend reversal; further confirmation is required by a white candle on opening and a higher close tomorrow. As the SP is above the 20MA and trend indicators are showing upward momentum; should see the SP move upward. IMO. As always keep an eye on overseas and futures markets; as their movement sometimes directs the ASX.
SAR Price at posting:
56.5¢ Sentiment: Hold Disclosure: Held
