Yes - it is Smile Day. And the Bulls are smilling.
![]()
And why wouldn't they. Just look at the chart below.
XJO up moderately today +0.55%. The index is currently in a short-term sideways movement.
Since early February, the market has been in a steady up trend channel. The Index is currently above the 50-Day MA and above a horizontal support/resistance level. There seems no reason to suspect that this positive channel is likely to disappear.
In the medium term, we can expect more upside movement.
Until something transpires to disrupt this scenario, it's best to buy the dips.
RB.
- Forums
- ASX - By Stock
- XJO
- Smile Friday
XJO
s&p/asx 200
Add to My Watchlist
0.70%
!
8,630.3

Smile Friday, page-3
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
8,630.3 |
Change
59.900(0.70%) |
Mkt cap ! n/a |
Open | High | Low |
8,570.4 | 8,632.8 | 8,570.4 |
Featured News
XJO (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
Shanthar Pathmanathan, MD
Shanthar Pathmanathan
MD
Previous Video
Next Video
SPONSORED BY The Market Online