Has a downtrend now commenced for the XJO?
It's on the verge of forming a head & shoulders pattern if in fact it hasn't already done so.
The high of the recent uptrend that began after the low of March was 4859.90 & this occurred on the 15th October - over six weeks ago! Now I'm certainly no charting expert however it now appears this is a possibility given what I see before me? Volume has also been steadily declining since the high in mid October.
I'd be very interested in hearing other peoples thoughts.
CLM
chart
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Last
7,796.0 |
Change
26.600(0.34%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,769.4 | 7,796.9 | 7,753.9 |
| XJO (ASX) Chart |