The ASX 200 is now getting up towards make or break - the daily volume traded in December when it was making decade lows was significantly higher than the January bounce - For me this rally is lacking conviction there is no significant bargain hunting and definitely no sign of FOMO it looks more like a relief rally in a bear market .
The broader market chart below is not as bullish as the A2M chart - The XJO is coming up to the confluence of the old double top and the 200 day moving average - if it hits this soon that would also put it above the 70 overbought RSI line - I would expect the market would sell off there with some expected profit taking how far it pulls back will be the key-
of course I could be wrong and we just power on higher through the resistance zone - I think that scenario is highly unlikely.
Chart Update, page-3902
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Last
$6.99 |
Change
-0.110(1.55%) |
Mkt cap ! $5.053B | |||
| Open | High | Low | Value | Volume |
| $7.10 | $7.15 | $6.92 | $7.476M | 1.069M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3309 | $6.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.00 | 27375 | 11 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$7.00 |
Change
-0.110 ( 2.00 %) |
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| Open | High | Low | Volume | ||
| $7.09 | $7.11 | $6.91 | 385574 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| A2M (ASX) Chart |