Good Morning and Welcome to the XJO Friday Thread
The XJO closed higher on Thursday recovering most of the ground lost on Wednesday.
The Index didn't quite close above the previous bars high, but appears well placed to do so in the coming days.
Volume was even higher than Wednesday's already high volume (confirmed on two different sites - SMH and Investing.com), and suggests any supply present at this level was happily bought over the last two days.
While the momentum generated may carry price higher again, but I won't be surprised to see a brief and shallow pullback at some point to test the market for supply, before any substantial gains.
Good Trading and investing
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Last
8,630.3 |
Change
59.900(0.70%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,570.4 | 8,632.8 | 8,570.4 |
| XJO (ASX) Chart |