This post is not "bearish or bullish" just presenting a few charts.....
Below is the list of the top 20 ASX companies by Mkt Cap
BHP will move into #1 position
All companies highlighted are above the 200 day MA (9 in total)
Sydney Airport under takeover
Next chart is of major (Bear markets) over the last 100 years
Final chart are mainly market corrections/pullbacks on the ASX over the last 10 years
So far from Peak-Trough the ASX 200 is down just over 11%
Anything between 10-20% seems like a natural healthy pullback to me.....
This post is not "bearish or bullish" just presenting a few...
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Last
8,140.9 |
Change
19.300(0.24%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,121.6 | 8,150.5 | 8,121.6 |
| XJO (ASX) Chart |