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Good Morning and Welcome to the XJO Friday Thread
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News for Today (AEST)
The XJO closed higher on Thursday.
Spread reduced again, as did the volume (value traded), and this time the close was a little off the day highs.
As the Index moved above the high of Mondays bar (5207.6), it seems to have drawn out supply, which caused the spread of the daily bar to reduce & to close off the days high. It appears that with the reduction in volume there was just not enough 'oomph' behind the demand, to overcome the force of the selling pressure. It may be that this current move higher is possibly running out of a little steam now, and the highs of a new trading range may potentially be found near this level.
Good Trading and Investing
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Corporate Surrender - Friday
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Last
8,212.2 |
Change
8.500(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,203.7 | 8,225.5 | 8,203.7 |
| XJO (ASX) Chart |