Australian shares are experiencing the worst weekly performance in over 8 months. The ASX200 has fallen below its 50-day moving average (a bearish technical signal).
The current risk-off trade is either a short-term correction to alleviate overbought conditions or the start of a major change in trend. So is this a buying opportunity or the last chance to get out before the herd stampedes?
- Forums
- ASX - General
- buying opportunity or change of trend?
buying opportunity or change of trend?
-
- There are more pages in this discussion • 8 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
NVA
Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter
MND
Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?