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.)
XJO Daily CandlesThe lower resistance line became a support line...
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Last
7,971.1 |
Change
105.600(1.34%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,865.5 | 7,976.9 | 7,865.5 |
| XJO (ASX) Chart |