There was some very high volume on some selected stocks yesterday, and Options Ex as well, which served to provide a very high volume yesterday on the XJO Daily Chart.
However looking at the XJO Weekly chart, the "Effort Vs Result" looks OK, volume (effort) was higher and the result was a wider spread upbar, closing high.
The XJO looks to be still grinding it's way through a fairly wide area of potential resistance (supply), which would be cleared (if it gets there) around 4633/4634.
(the next one above looks to begin around 4790, if anyone is interested)
cheers
XJO Daily & Weekly
xjo weekend zoomba lounge, page-56
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Last
8,045.1 |
Change
-26.300(0.33%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,071.4 | 8,071.4 | 8,017.7 |
| XJO (ASX) Chart |