Good Morning and Welcome to the XJO Monday Thread
News for Today (AEST)
The XJO closed lower on Friday.
Volume (value traded) was just a touch below average,
and on that volume, spread was average to wide'ish & the Index closed about midbar,
which infers some support or buying, did come in at the day lows.
On the intraday 10 min chart (using True Range as a proxy for volume), and a two point wave,
the potential support coming in can be seen, where a large effort could not push far below the initial low,
then came the highest buying wave across the whole chart.
Good Trading and Investing
cheers
Compression - Monday
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Last
7,829.7 |
Change
66.500(0.86%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,763.2 | 7,832.3 | 7,763.2 |
| XJO (ASX) Chart |