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Good Morning and Welcome to the XJO Friday Thread
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News for Today (AEDST)
The XJO closed lower on Thursday, where spread increased to wide, and volume was very high.
The Index pulled back from the open, and is now trading within the previous congestion to the left.
The close was off the days low, and suggested some speculative buying (beware of this being dumped today, if overnight trading is negative).
Volume was very high, and was not expiry affected, so the response to this bar and volume will be important to note.
I expect to see some continuing support adjacent to the older congestion zones, however a clear break below both these zones may change the intermediate trend.
Good Trading and Investing
Bartender Appreciation Friday
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Last
7,829.7 |
Change
66.500(0.86%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,763.2 | 7,832.3 | 7,763.2 |
| XJO (ASX) Chart |