Good Morning and Welcome to the XJO Wednesday Thread
News for Today (AEST)
The XJO closed lower on Tuesday, with the interesting thing being that,
the spread or range of Tuesdays bar (compared to Mondays bar) was distinctly narrower,
however volume (value traded) was increased.
To reconcile that anomaly, the amount of effort (volume) required to move the Index lower was increased,
and from that we can infer that there was a bit more support coming in across the market, than was seen on Monday.
The intraday chart (10min - Not Shown) remains somewhat bearish,
with only minimal 'potential' buying being able to be seen amongst the supply coming in & the lack of demand for higher prices.
There is a little shortening of the thrust lower (the amount of ground being made on each push lower),
which offers a suggestion that the trend lower is possibly weakening,
but on its own, that is not enough to hang your hat on.
Good Trading and Investing
cheers
Figure it out...... - Wednesday
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Last
7,829.7 |
Change
66.500(0.86%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,763.2 | 7,832.3 | 7,763.2 |
| XJO (ASX) Chart |