Bellwether BHP and imo seems to be forming a bearish measured move.. the sharp drop and now a consolidation in the form of a rectangle..i am expecting the rectangle to be breached to the downside ..there after 20 is a possibility.
P.S a break above 38 and the formation becomes invalid.
keeping track of the xjo'ers days - wednesday, page-27
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Last
7,889.6 |
Change
72.800(0.93%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,816.8 | 7,902.6 | 7,816.8 |
| XJO (ASX) Chart |