the overnight action wasn't pretty. daily support at 904 was taken out. this support line has held the rally since late march when it was tested for resistance and then became support.
however, price did close on the weekly support. a break of this next week would see 883 being tested.
for now, nothing changes. it is still a range bound market. however, a break of 883 would see a test of approx 850 - where there is a confluence of support on both the daily and the weekly.
both charts are below.
fridays fright, page-7
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Last
7,718.2 |
Change
-32.500(0.42%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,750.7 | 7,754.4 | 7,702.5 |
| XJO (ASX) Chart |