Aussie share market (ASXSP200.I) fell 2.9% at 1pm AEST, taking the market lower for the third session, with the ASX200 now 9% lower than its record high. The market appears to be oversold from a technical perspective and also hit a key support level and bounced off the low of the day (6,921).
Ultimately, depending on what goes on overnight, and on Thursday (the Fed meeting), we could see 'dip-buyers' re-enter the ASX200 at these levels. Note, the ASX will be closed on Wednesday January 26 (Australia Day public holiday). ASX Trading resumes Thursday January 27. That means, the ASX200, will react the Fed’s meeting outcome, on Friday.
The other major catalyst to watch? The RBA hold its next interest rate meeting Tuesday, February 1; with traders expecting hints of when rates will rise in Australia.
Source: https://www.home.saxo/en-au/content/articles/equities/apac-market-digest-jan-25-25012022
Medium Term Target: A$1+ billion market cap, page-1172
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Last
3.7¢ |
Change
-0.002(5.13%) |
Mkt cap ! $93.28M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.7¢ | $94.95K | 2.514M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 257499 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 325000 | 1 |
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| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| QPM (ASX) Chart |