Absolutely. It's put on circa 50% since the 2015 China fears, with XJO adding ~20%. I love how the chart has respected those key levels...Every major correction has been terminated by major horizontal support, all the way back to when the trend started in 2012. Adds some weight to the fact that it outperformed during the recent correction. 10month ema has been a wall for the last 2 years. This chart alone make me more bullish, though I agree it could do with some consolidation
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Last
3,132.6 |
Change
9.600(0.31%) |
Mkt cap ! n/a |
Open | High | Low |
3,123.0 | 3,138.7 | 3,113.5 |
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XSO (ASX) Chart |