Good Morning and Welcome to the XJO Monday thread
The XJO pulled back a little, to close modestly lower on Friday.
Spread reduced and volume was about average.
The price action continues to suggest (bullish) absorption is likely to be taking place.
There are a couple of breakdown lines overhead, I expect some increased supply will be drawn out if price challenges those levels.
Any pullback would likely see an initial attempt to support the market around 5806
Good Trading and Investing
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German Beer Monday
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Last
8,092.3 |
Change
139.100(1.75%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,953.2 | 8,092.3 | 7,952.8 |
| XJO (ASX) Chart |