The All Ordinaries is undergoing a secondary correction, testing support at 6000.
Long Term: The primary trend remains up, however, with support at 5650.
Short Term: Friday's doji with low volume signals indecision. Breakout below 6000 would warn of a test of the lower trend channel (on the long term chart) and possibly primary support at 5650. Further consolidation on low volume (a "dull market" as per today's quote) would be a positive sign, while reversal above 6100 would be premature and prone to failure.
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Last
8,816.4 |
Change
-58.900(0.66%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,875.3 | 8,875.3 | 8,791.4 |
| XAO (ASX) Chart |