Good Morning and Welcome to the XJO Wednesday Thread
News for Today (AEDST)
The XJO closed little changed on Tuesday, after dipping below the two previous closes intraday.
Recent price action suggests that an attempt of some sort may be made towards the upside.
However, there is likely to be several layers of resistance above the current price.
Although Mondays bar is likely to have weakened the resistance above, somewhat at least.....
And should an upside move fail, or not be attempted,
a break and close below the low of Fridays bar @ 5267.4 would likely see a continuation of the breakdown, and a revisit of the December lows.
(after a negotiation with SanFelipes Line of course)
Good Trading and Investing
.
Economic Optimist Club - Wednesday
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Last
7,822.3 |
Change
-9.500(0.12%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,831.8 | 7,831.8 | 7,807.7 |
| XJO (ASX) Chart |