Where Log scale charts fail ...
This shows a Fib Retracement... It may not look that bad, but that is 66% down from its highs (therefore it looks ok... but it isn't).
If I consider the first major move down from the top, we might expect a continued drop to around $1.30 (and I don't think that will be the end). This has all the hallmarks of heading about to around 20c... Now anyone who is buying the heck out of this, might want to be very careful... Either scenario is looking disgusting for their positions.. but what would I know.. I am not making money like others who are definitely smarter than me...
- Forums
- ASX - By Stock
- XJO
- XJO - Bear Posts only (Factors which might cause the markets to fall)
XJO - Bear Posts only (Factors which might cause the markets to fall), page-12538
-
- There are more pages in this discussion • 3,729 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
7,959.3 |
Change
69.700(0.88%) |
Mkt cap ! n/a |
Open | High | Low |
7,889.6 | 7,969.1 | 7,889.0 |
Featured News
XJO (ASX) Chart |