Good Morning and Welcome to the XJO Wednesday Thread
News for Today (AEDST)
The XJO moved sharply lower on Tuesday, with a wide spread,
slicing through the previous low on an increase in volume.
Price is nearing the bottom of the downtrending channel, which also roughly corresponds with a point and figure count across the previous congestion, pointing at a short term decline to ~5076.
For this to be considered some sort of bullish climactic action, a rise back above the previous pivot @-5158 (61+ points) would make this plausible.
Good Trading and Investing
cheers
Good Morning and Welcome to the XJO Wednesday Thread News for...
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Last
7,921.3 |
Change
60.100(0.76%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,861.2 | 7,938.3 | 7,861.2 |
| XJO (ASX) Chart |