Hi Raider
Good to see you focus on the larger time frame and a time count as well as price targets. You are right, this will pick a longer term bottom.
My suggestion was for a shorter term bottom on the daily. What I'm seeing is capitulaion and exhaustion selling in the 5th leg down from the March top along with positive divergence on a number of indicators. (Not an EW count by the way). I wouldn't rule out mondays candle pushing down to test fridays low to see if friday was just short covering or if there are real buyers down there.
- Forums
- ASX - By Stock
- XJO
- rhodes2ritches lipstick on a pig friday
rhodes2ritches lipstick on a pig friday, page-94
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
7,943.2 |
Change
-171.500(2.11%) |
Mkt cap ! n/a |
Open | High | Low |
8,114.7 | 8,114.7 | 7,920.0 |
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
XJO (ASX) Chart |