Good Morning and Welcome to the XJO Thursday Thread.
News for Today (AEDST)
The XJO pushed sharply higher on Wednesday.
Spread was wide, closing just a little off its highs, on an increase in volume (value traded) to about average.
After a number of days which inferred a bullish nature, the Index moved higher (finally...) and should have 'some' momentum now.
The congestion to the left will provide some resistance to higher prices, so an increase in volume will most likely be needed to push higher.
An agressive Point and Figure count across the 5340 line (marked) gives a potential target of 5430, although the most conservative count targets 5380,
lets see how it goes....
Good Trading and Investing
cheers
the box... - thursday
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Last
7,822.3 |
Change
-9.500(0.12%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,831.8 | 7,831.8 | 7,807.7 |
| XJO (ASX) Chart |