S&P/ASX 200 (ASX:XJO) - 16/01 Indices, 65874263, page-565 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Australia's largest stock trading and investment forum Australia's #1 stock forum

XJO

Click for more information

0.39%

8,013.4 s&p/asx 200

First 565 Last

Share
Profile

Follow
Whalewatcher

4,083 Posts.

204

25/01/23

12:29

Post #: 65874263
Share

Originally posted by TheFadz: ↑

Appreciate the comment but I'm enjoying trading without having to post regularly
Haha

So I've taken a break from HC this week
I'll see how I feel next week
Anyway it looks like I'm not needed, as a few have tried to replicate my fences (even though they like to make fun of them)
Haha

In case you were wondering, we are currently trading in the 7450 & 7650 range (this is the last trend line range before market top)
As long as the xjo can hold onto 7450 ish by the end of month, it should get close to 7650 in Feb before the proper march correction (if the xjo hit market top in December it would've hit 7450 & had a proper pullback already. Instead we've had this as a result)

My fences this morning were 7520 & 7460
At the close & after hours I'll be looking at 7440 & 7500 range

7460 was my ema support on the hrly chart & hasn't been tested since Jan 10th
Testing now

So if you want your downtrend & pullback, support will need to break & upper fence needs to hold on consecutive days

In case you're wondering, the December selloff has given the xjo all this room to grind higher

Expand

XJO Value at posting: 7,466.4
Upvote

0 Great analysis

Reply

Top Stories

CBA breaks trading record on strong day for Aussie financials

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

As Nvidia cools, we're looking to Aussie AI

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

There are more pages in this discussion • 3 more messages in this thread...

First 565 Last

Add XJO (ASX) to my watchlist