Good Morning and Welcome to the XJO Wednesday Thread
News for Today (AEDST)
The XJO accelerated away from the danger zone, slicing right through the old late August congestion, to close substantially higher on Tuesday.
Spread was wide, and volume (value traded) was increased, but not excessive, as would be expected if this is to be a sustainable rally.
The momentum generated recently may continue to carry price higher in the immeadiate short term, however a re-test of (at least) the highs of the congestion zone (5679.5) at some point would be expected.
Good Trading and Investing
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Expecting Stocks to Rally - Wednesday
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Last
7,989.6 |
Change
68.300(0.86%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,921.3 | 8,000.0 | 7,921.3 |
| XJO (ASX) Chart |