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Good Morning and Welcome to the XJO Friday Thread
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News for Today (AEDST)
The XJO closed slightly higher on Thursday, where spread narrowed again, but volume increased (although it may have been affected by Index expiry), and the close was low. (Individually, a narrow spread upbar, that closes low, on high volume, infers weakness).
The Index traded for the entire day above the first (red) line of resistance and although it did close poorly, and the higher volume may infer selling pressure, just wait and see if there is any downside follow through to confirm the weakness, as at this point there is some chance it maybe an absorption bar.
Good Trading and Investing
.
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Last
7,629.0 |
Change
42.000(0.55%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,587.0 | 7,640.2 | 7,587.0 |
| XJO (ASX) Chart |