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Good Morning and Welcome to the XJO Friday Thread
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News for Today (AEDST)
The XJO closed lower on Thursday, where spread was narrow, and volume was below average.
And the sideways trading continued again, where a whole lotta nothing really happened overall. Even the day's close was back within Wednesdays measly range, after dipping lower. No serious damage was done to the chart, and the potentially bullish absorption theory still remains intact. Although the longer it takes while price trades around the danger zone and has not shown the strength to accelerate away, the more vulnerable it is to a price failure and breakdown.
Good Trading and Investing
Friday of Awesomeness
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Last
7,861.2 |
Change
-102.500(1.29%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,963.7 | 7,963.7 | 7,861.2 |
| XJO (ASX) Chart |