XJO 1.39% 7,575.9 s&p/asx 200

Yesterdays plan was to sell the closing price on Friday for...

  1. 3,232 Posts.
    lightbulb Created with Sketch. 188
    Yesterdays plan was to sell the closing price on Friday for 10-15 points but only had a small reaction so had to jump out before it went negative. Was 70% to target the went against me rule is never let a trade that was in profit go negative.

    The rest of the afternoon was a grind as divi buyers eased in and buying towards the close would have made a tidy profit.

    Looks like the market is going to open down 60-70 odd points. Currently extreme gap down below yesterdays low. Plan for me today is fade the extreme gap close selling 5882.9 for 10-15 points if we are still 20 odd points below when futures reset. Looking for a quick spike up there to sell.

    If price moves up there between now and 9:50 might look at something a bit higher. It is possible the dividend stock buyers will want to offload their ex-dividend holdings as soon as possible so will pump them up and sell them.

    I have put where price is and where I am looking for a reaction today on the daily. Note the gap, as soon as the market opens its like now you see it now you dont.

    https://hotcopper.com.au/data/attachments/1353/1353318-cf4e855669b77808e1e80d0e49ff2481.jpg
    https://hotcopper.com.au/data/attachments/1353/1353321-29c4d1a11dadbc5011d5750b2d9ad831.jpg

         
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.