Hello,
I have been short xao since friday july 6th due to the weekly MACD bearish cross, also i could clearly see that price had moved too high above the trend line , my initial T.P. target was @ 57.75 but we fell quickly thru that level . This came as a surprise to me as my wave count has still got a big 4---5 to come, now i am watching the monthly MACD which is at a ''touch'' situation, If monthly crosses bear then this will herald a massive fall however the last touch occurred on 26 sept 2006 and kicked price higher , this time the trend line has been broken so even if it kicks on higher again i will assume a slowing down or even a top is looming.
Hello, I have been short xao since friday july 6th due to the...
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Last
8,133.4 |
Change
75.100(0.93%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,058.3 | 8,144.2 | 8,058.3 |
| XAO (ASX) Chart |