Below is the daily cash CFD chart.
RSI is approaching 70. It is also very close to the 200EMA currently printed at 5883.
From the FIB point of view, it had almost retraced 50% since the high 6350 and low of 5400.
From the gap point of view, there is a 67 point gap around cash 5465 or future 5413.
The low volume on this run up is also concerning.
Gotta see how it reacts when the 200EMA is hit which should be when the RSI prints overbought. My target is the close of the gap 5465 by the end of March expiry contract. Will be a good trade of 300+ point.
Below is the daily cash CFD chart.RSI is approaching 70. It is...
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Last
7,629.0 |
Change
42.000(0.55%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,587.0 | 7,640.2 | 7,587.0 |
| XJO (ASX) Chart |