Mornin all. Haven't been near the puter for a bit. Needed a break so I've been enjoying a good book.
XJO seems to be forming the triangle I suggested to HBG before he went on holidays. RSI is suggesting the top of the triangle may be expensive if it gets there in this move. That means a break down perhaps. It could stuff around in the triangle longer than this move too. False breakout of down trend and resistance possibly caught a few and it also looks like a bear market rally... again. A break down from the triangle would suggest a test of the recent lows and of the long term trend line (not shown but around 5500)
All imho of course.
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Last
8,666.9 |
Change
-42.500(0.49%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,709.4 | 8,709.4 | 8,658.2 |
| XJO (ASX) Chart |