The XJO accelerated lower again on Friday, where spread increased, and volume remained above average.
Spread and volume both increased, which suggests that some of the new positions from Thursday may have been sold as price declined. Apart from a complete reversal (which is still quite possible), the odds have now shortened for a secondary test of the longer term (blue) line where price broke out in late March (@5807.8). This level found considerable support when previously tested in mid April.
- Forums
- ASX - By Stock
- XJO
- Weekend Charting and Chat - 5th May 2017
Weekend Charting and Chat - 5th May 2017, page-2
-
- There are more pages in this discussion • 19 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
8,283.2 |
Change
-72.700(0.87%) |
Mkt cap ! n/a |
Open | High | Low |
8,355.9 | 8,355.9 | 8,261.5 |
Featured News
XJO (ASX) Chart |