20yr monthly chart of xjo.
To me this chart looks like it wants to test the white support lines which also happens to be the 61.8% fib from the NOV 93 low to the NOV 07 high.
With the current bearish sentiment there is a real possibility we could test that 61.8 fib which is at 3456, this month imo.
Is that a small bear flag inside a bigger bear flag?
Hopefully that white upward sloping support line can hold
Just my amature opinion
xjo weekend zoomba lounge, page-106
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Last
8,027.0 |
Change
16.500(0.21%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,010.5 | 8,039.7 | 8,010.5 |
| XJO (ASX) Chart |