Hi strauss,
Break of oblique down trend line from 2007. Yes - significant.
Old rule - both oblique and horizontal must be broken to the upside.
The biggie now is the horizontal resistance line around 5000.
Until that's broken we're still in a cyclical bull in a secular bear.
Plenty of room though for trading.
Redbacka
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Last
8,558.0 |
Change
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Mkt cap ! n/a | |||
| Open | High | Low |
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| XJO (ASX) Chart |