Thanks MFx and redbacka,
There are two previous price breakdowns above the current price, so the price action remains potentially weak.
So i'm sorta thinking we may get both a short rise in price....perhaps just a short sharp rise, then a failure at the previous breakdown line (which is a logical place for price to fail), which roughly corresponds with last Thursday's high (which I originally marked on the chart but forgot to comment on). Last Thursday's high (for me) is where price needs to close clearly above, for the price action to suggest there maybe a change in short term trend (from down to up).
![]()
cheer
- Forums
- ASX - By Stock
- XJO
- Go the Extra Mile Tuesday
Go the Extra Mile Tuesday, page-4
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
7,971.1 |
Change
105.600(1.34%) |
Mkt cap ! n/a |
Open | High | Low |
7,865.5 | 7,976.9 | 7,865.5 |
Featured News
XJO (ASX) Chart |