Here's a more nuanced version:
Above is a condle volume chart.
In the early stages of this rebound, there was plenty of optimism with big volume on the positive day Friday, 6 October.
In the past week, on STW (an ETF tracking XJO), volume has been light. Suggests that the initial optimism may have been misplaced.
2-Day EMA of Force Index (FI includes direction, range and volume) shows a negative divergence from the chart of STW. i.e., less support for the upside movement.
It looks like a dead-cat to me - but nothing is certain in the markets.
It may be that when Israel begins its land based incursion into Gaza, we'll get a big rally because the end of this devastating war is near its end.
(Remember what happened when U.S. and Allies invaded Iraq.)
- Forums
- ASX - By Stock
- XJO
- 9/10 Indices
9/10 Indices, page-193
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,198.2 |
Change
-10.700(0.13%) |
Mkt cap ! n/a |
Open | High | Low |
8,208.9 | 8,214.9 | 8,176.8 |
Featured News
XJO (ASX) Chart |