I first posted about XRF on the 23 of May.
XRF post
At the time I highlighted that the weekly had found support on a previous High.
I should have also said that support was formed by a "gap down reversal bar" or "engulfing candle" close to a rising weekly ma.
Looks like XRF has now broken out of trading ranges (ie: or corrective structures) on the weekly & daily.
The daily breakout looks like a WRB (wide range bar) where the low formed at the shallow part of a 5 day range, one that is of a higher quality vs (from deep within the range).
Bull Market posts, posts that support the Bull Case, page-980
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Last
7,816.8 |
Change
-12.900(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,829.7 | 7,829.7 | 7,782.0 |
| XJO (ASX) Chart |