XAO 0.70% 8,539.0 all ordinaries

Short Term Trading Weekend Lounge: 18-20 Jan, page-29

  1. 837 Posts.
    lightbulb Created with Sketch. 42
    A suggestion is to use a candlestick chart and assuming you are familiar with candle patterns, wait until after a pivot point then a confirmation candle on the following day. On the lower chart you could plot Williams %R. When the stock is going up or flat, the % number is around zero. If the candle has moved below -25 then that shows some downward momentum. That can be a good time to sell.
 
watchlist Created with Sketch. Add XAO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.