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Good Morning and Welcome to the XJO Thursday Thread
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News for Today (AEDST)
The XJO (finally) closed higher on Wednesday
Spread remained about average, volume was a little lower, and the close was strong.
The Wednesday close was above Tuesdays high was quite positive, but it would have been even better if the close was also above Monday's high.
Price has pushed off the bottom of the trading range, and the upbar on lower volume suggests that selling pressure was not high, and that possibly the two previous down days were absorbing supply in preparation for a rally.........we'll see.......
If this is a fair dinkum lower pivot, price should accelerate away from the danger point in fairly short order.
Good Trading and Investing
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Last
8,554.6 |
Change
-43.100(0.50%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,597.5 | 8,623.6 | 8,551.8 |
| XJO (ASX) Chart |