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Good Morning and Welcome to the XJO Friday Thread
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News for Today (AEST)
The XJO continued to breakdown on Thursday, slicing easily through another potential support line, to close on its day lows.
Price briefly attempted to rise shortly after the open on Thursday, but failed almost immediately, turned back down and then accelerated lower with an increased spread and above average volume (although very slightly lower volume than Wednesday). Any positions bought and held on Wednesday, were obviously dumped on Thursday, which would have only added to the selling pressure, and helped to widen the days spread.
The Next lower line equates to the late December highs, and comes through @5486.7, we'll see what is does there.....
Good Trading and Investing
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |