XJO 0.10% 8,212.2 s&p/asx 200

22/8/22. Today in Australia, XJO down -0.95%.XJO has been...

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    22/8/22. Today in Australia, XJO down -0.95%.


    Screen%20Shot%202022-08-22%20at%206.29.11%20pm.png

    XJO has been rejected at the 200-Day MA, falling heavily today.


    We have a preliminary, short-term sell signal with the Hull MA13 turning to the down side.

    A medium-term sell signal will occur when the following conditions are all met:

    1. RSI below 50.

    2. Stochastic turning down below 80.

    3. MACD Histogram below zero.

    Conditions 2 and 3 have so far been met.

    Advance-Decline Line is also flashing a sell signal.

    Screen%20Shot%202022-08-22%20at%206.35.32%20pm.png

    A-D Line has now fallen below its 20-Day MA. That's another sell signal.


    It's not looking very hopeful at this stage.

 
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