for what it's worth and knowing that my words etched online may come back to bite me.....
I have a trendline on my charts that is the top of a channel running up to about 5580 - meaning we should see a little dip shortly....
In the same breath I have a gap noted at 5668.1 - meaning it may close that gap first.
nothing geopolitical is on the radar in the immediate future.... It seems a lot of companies finalise their dividends around August / September - meaning people may sell off around then
US presidential sideshow around November - meaning potential instability and therefore a sell off?
Its a very broad and general summary with little fact but I dare say IMO that the full extent of a pull back wont be seen until around Sept / Oct ..... that pull back target again in my uneducated opinion may be around 5200.
on this theory I predict we should start to see Martis re-enter the forums as the market breaks under 5400 (5400 is a short / medium term trendline I have in place)...
- Forums
- ASX - By Stock
- XJO
- Scotch Whisky Wednesday
Scotch Whisky Wednesday, page-5
-
- There are more pages in this discussion • 42 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
8,099.9 |
Change
24.200(0.30%) |
Mkt cap ! n/a |
Open | High | Low |
8,075.7 | 8,143.6 | 8,075.7 |
Featured News
XJO (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online