XJO face a very strong resistance at 5110-5120. Several attemps in the past failed to breach this level. And today we see another failed attempt.
Hourly charts indicate xjo is overbought and toppings is near. We may see sharp correction from here.
Dow Jones is in similar situation. Any correction in commodities price and Dow Jones tonight, combined with usually sluggish October coming up next week, in my opinion this level represent an excellent short entry point.
Any other similar views or opinion ?
- Forums
- ASX - By Stock
- XJO
- good shorting level
good shorting level
-
- 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
7,972.0 |
Change
0.900(0.01%) |
Mkt cap ! n/a |
Open | High | Low |
7,971.1 | 7,973.8 | 7,944.3 |
Featured News
XJO (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online