XJO looks Doomed to me
The close below 4 hr 50 MA is a pretty strong suggestion to place short orders a tad above the 50 EMA to take advantage of weak bounces. If we get an opening big dump then it is likely short covering/value buyers will step in and get a bounce only question is will the bounce be emphatic enough to trade in my opinion on the chart it looks Doomed.
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 (20min delay)
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |