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Good Morning and Welcome to the XJO Thursday Thread
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News for Today (AEDST)
The XJO closed higher on Wednesday, where spread narrowed a little, and volume remained a touch above average. The momentum that has been generated recently kept the Index grinding higher throughout the day, establishing a clear breakout above both the January and February highs. The reduced spread (on similar volume) does illustrate there was some increased difficulties (supply) in pushing above those highs, however because the spread was still quite good overall I don't think this is the end of the momentum just yet. That said, as this has been reasonably important level in the wider scheme of things, keep in mind that there is an above average chance price will come back and test the strength of this breakout in the future at some point in time.
Good Trading and Investing
Take a walk in the park.....Thursday
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Last
7,759.6 |
Change
-23.400(0.30%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,783.0 | 7,783.0 | 7,654.2 |
| XJO (ASX) Chart |