XJO Daily Candles
The lower resistance line became a support line two and a half weeks ago. Bought GEAR early this week when XJO hit this support line.
Then sold GEAR today when XJO hit the upper resistance line.
XJO might well continue higher - because fundamental indicators are saying that USA markets have become bullish due to falling inflation numbers (although maybe the next Aussie inflation numbers might not be so nice). However I sold XJO today purely because of this technical chart. If I have sold too soon then I will still be happy with this trade. Why can't all trades be this easy?
(Warning: Past performance is not a guide to future performance, especially trades based on my technical charts.)
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10/07 Indices, page-134
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Last
8,212.2 |
Change
8.500(0.10%) |
Mkt cap ! n/a |
Open | High | Low |
8,203.7 | 8,225.5 | 8,203.7 |
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