XJO face a very strong resistance at 5110-5120. Several attemps in the past failed to breach this level. And today we see another failed attempt.
Hourly charts indicate xjo is overbought and toppings is near. We may see sharp correction from here.
Dow Jones is in similar situation. Any correction in commodities price and Dow Jones tonight, combined with usually sluggish October coming up next week, in my opinion this level represent an excellent short entry point.
Any other similar views or opinion ?
XJO face a very strong resistance at 5110-5120. Several attemps...
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Last
7,963.3 |
Change
-7.800(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,971.1 | 7,971.1 | 7,944.3 |
| XJO (ASX) Chart |