Good Morning and Welcome to the XJO Thursday Thread
The XJO closed lower on Wednesday, where spread increased and volume was very high.
The Index probably responded in sympathy with overseas markets, and it appears to have been used as a buying opportunity.
The midbar close and very high volume suggests strong buying took place off the daily lows, more than just some 'speculative' support, this will be confirmed in the coming days with a response higher, and without any break and close below Wednesday low.
Any ongoing weakness would likely see todays new positions dumped, causing even more serious weakness.
Good Trading and Investing
Save your Hearing Thursday
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Last
8,081.8 |
Change
-10.100(0.12%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,091.8 | 8,091.8 | 8,041.3 |
| XJO (ASX) Chart |