We're also in our sixth consecutive up week. The last rally lasted seven weeks. Rallies that last beyond 6-7 weeks are statistically very uncommon.
However, our market is on drugs - driven by super, takeover and commodities. The surge in copper has been extraordinary! I read today that the value of potential takeover targets is 60billion! which will need to find a home elsewhere in the market. You've also got the buybacks.
I often use a 4hr chart and it shows MACD, RSI & Stochastic that by now have usually triggered a 50-100pt sell-off. So far it just wont let go!!
- Forums
- ASX - By Stock
- XJO
- tuesday night
tuesday night, page-29
-
- 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
|
|||||
Last
8,075.7 |
Change
87.800(1.10%) |
Mkt cap ! n/a |
Open | High | Low |
7,987.9 | 8,079.0 | 7,979.5 |
Featured News
XJO (ASX) Chart |