Thanks Jako
Yearly Highs and Lows
The High low summation line accelerated slightly gong to a new 6 month low - drawn in a pink dotted line to show the levels historically. The red dotted line shows the level of the yearly lows. This particular study shows no reason to believe in any further movement than down - ie no hesitation, no O/S being reached etc.
Candles
Another big red candle. Avg volm - a slight increase on yesterday, above average range. My momentum and cyclic indicators are still pointing down.
![]()
Relatives by Size
Nothing insightful here. XSO still steaming lower.
![]()
Relatives by Sector
I have no insight on this one.
![]()
Conclusion
The current move is obvious, it's ending, less so.
From my perspective, I'll have to make sure to look for clear signals to take positions. Gonna be hard to differentiate between selling climaxes and rapid (but unclimactic) downmoves. I will miss a few low tests over the next few days, and I have to accept that now and not pay mind to it when it happens.
Otherwise, draw water, chop wood, trade the trade.
Trade carefully everyone.
- Forums
- ASX - By Stock
- XJO
- Mood Swing - Friday
Mood Swing - Friday, page-3
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
7,831.8 |
Change
91.900(1.19%) |
Mkt cap ! n/a |
Open | High | Low |
7,739.9 | 7,835.7 | 7,739.9 |
Featured News
XJO (ASX) Chart |