From Twiggsy:
After considerable resistance on Tuesday [T] and Wednesday the All Ordinaries broke out with a strong blue candle on Thursday, completing the ascending triangle. Friday [F] signals further selling, with a narrow range and large volume warning of strong opposition to the up-swing. This is an evening star candlestick pattern, warning us to expect a retracement if there is a close below mid-way on Thursday's blue candle. Otherwise a consolidation is the stronger possibility, while a new high would signal continuation of the up-swing.
Top 20 tell the story. Will be lower Monday.
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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 |