Good Morning and Welcome to the XJO Tuesday Thread
News for Today (AEDST)
The XJO closed higher on Monday,
which does offer some confirmation that Fridays bar & volume (value traded) was not necessarily a sign of weakness, as there was no immediate follow through to the downside.
The Index spent some more time during the morning absorbing supply around the 5614 level, in a similar fashion to Friday, before punching through and up into the old congestion zone left behind from late August/early Spetember last year.
Although the Index is beginning to look a little over extended in the short term, Mondays bar suggests it may not be ready to pull back just yet.
Good Trading and Investing
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Last
8,570.4 |
Change
-9.700(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,580.1 | 8,593.6 | 8,558.3 |
| XJO (ASX) Chart |