XJO 0.28% 8,114.7 s&p/asx 200

wednesday possible huge short squeeze, page-53

  1. 315 Posts.
    Just following up from my previous post.

    Here's a 10 day chart. IMO it shows the failure to hold the 3600 (9 month channel bottom) and we should now push on down over the next week another 680pts (4280-3600) at least to the bottom of the next channel down at about 2920 (with 3260 as halfway stopping point perhaps). Though I'm expecting a spike down from 2920 to about 2800 as the low.

    Anyway that's my explanation for what's happening at the moment.

 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.