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Good Morning and Welcome to the XJO Thursday Thread
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News for Today (AEST)
The XJO closed marginally higher on Wednesday, where spread reduced, and volume increased to above average.
There was no downside follow through in response to the supply drawn out on Tuesday.
The Index spent most of the day oscillating around the previous close, potentially buying the supply at this new higher level as part of the absorption process. Which - if correct (and nothing unexpected turns up), suggests that price is expecting to continue this push higher.
Good Trading and Investing
Thomas Jefferson Thursday
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Last
7,783.0 |
Change
-55.800(0.71%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,838.8 | 7,838.8 | 7,750.5 |
| XJO (ASX) Chart |