Good Morning and Welcome to the XJO Monday Thread
News for Today
The XJO closed a little higher on Friday.
After Thursdays bar looked quite ominous for the XJO, at least in the short term,
Fridays bar has formed a mirror image of it.
The potential weakness seen in Thursdays bar has not been confirmed with a follow on downbar,
and Fridays bar has now shown some potential strength, which also now awaits confirmation.
I drew the chart a bit differently from the usual static horizontal lines, and put in two converging lines, which appear to tell a story.
Drawn like this it appears the Index is trying hard to breakout from the shallow forming apex.
Good Trading and Investing
cheers
Stir Crazy - Monday
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Last
8,092.3 |
Change
139.100(1.75%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,953.2 | 8,092.3 | 7,952.8 |
| XJO (ASX) Chart |