Good Morning and Welcome to the XJO Thursday Thread
The XJO closed higher on Wednesday, with the price action still resembling bullish absorption, although it is still a bit early to call it.....
Spread has narrowed considerably over the past two days as volume increased, while price attempts to consolidate above the ~6052 level.
There was no downside follow through in response to Tuesday's bar, so any queries over potential weakness can be discounted somewhat.
Price continues to trade (mostly) inside last Thursdays bar, and each bar since then has (roughly) traded inside the last, so with the price action contracting like this, an expansion in response can reasonably be expected fairly soon.
Good Trading and Investing
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Last
7,943.2 |
Change
-171.500(2.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,114.7 | 8,114.7 | 7,920.0 |
| XJO (ASX) Chart |