I actually think there is a good chance of a weeks pullback. Dow made double top and that is usually a good place for a reaction to start. The pullback should present a good buying opportunity however imo. The January runup did break some important resistance obstacles on my chart and that is often followed by a pullback before continuation.
The AUD broke its double top so that signifies that there is more bullishness to come...once a pullback plays out.
Many stocks I follow look to need a pullback in the short term before resuming their intermediate term bear rallies. That fits into what I have stated above.
- Forums
- ASX - By Stock
- XJO
- bill3173 - passion in your xjo posts tuesday
bill3173 - passion in your xjo posts tuesday, page-6
-
- There are more pages in this discussion • 67 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
|
|||||
Last
8,013.4 |
Change
31.000(0.39%) |
Mkt cap ! n/a |
Open | High | Low |
7,982.4 | 8,030.3 | 7,982.4 |
Featured News
XJO (ASX) Chart |