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rvm

992 Posts.

27/09/16

19:12

Post #: 19457918
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Originally posted by rvm ↑

XJO cash has been selling overnight the past few days, but has got bids during the day session. Seems like they're killing off the weak longs.... Have a look at the 1 hour chart. XJO is diverging from overseas markets and is on an uptrend, just like how it diverged from other markets and was on downtrend a month ago. This is linked to the currency. So long as AUD doesn't collapse, XJO becomes a massive yield play. Look at the price movement - it's very bullish.

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The same pattern today - buy dips during the day. Sell after market.
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0 Great analysis

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