The right-angled and ascending broadening chart pattern.
Price always pulls back to the monthly Simple Moving Average, (currently 9331)
Bearish price/MACD divergence on the weekly points to a downward breakout.
Pattern target = 9835 - [(11258 - 9835) x 32%] = 9379
fryday's hot specials, page-84
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Last
8,128.0 |
Change
-36.600(0.45%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,164.6 | 8,165.1 | 8,113.4 |
| XJO (ASX) Chart |