Hmmm ... don't know about anyone else we have lost interest lately and are enjoying the Olympics ... and going by recent volumes both here and in the US so has just about everyone else.
As previously we believed that XJO 5000 would get a workout along with 11700 for the DOW and this is proving to be the case.
Locally, the last three sessions have exhibited distribution and the weakness is reflected in our indicator which is signalling a possible change in direction ... technically we need a downside break thru support at 4940 or an upside breadk thru resistance at 5000 ... finger on the trigger.
Cheers ... tight stops.
This is only my view ... read the black stuff.
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Last
8,605.2 |
Change
9.400(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,595.8 | 8,616.8 | 8,595.8 |
| XJO (ASX) Chart |