Australia's largest stock trading and investment forum Australia's #1 stock forum

XJO

Click for more information

0.86%

7,989.6 s&p/asx 200

Thursday Feb 13 - Money, page-49

First 49 Last

Share
Profile

Follow
Jamieevie

423 Posts.

191

15/02/20

12:55

Post #: 42950794
Share

Originally posted by Greynomad73: ↑

Jamiee - good luck with your BBOZ (Hmm perhaps I don't mean that because it would mean my positions would be eroded by a general market decline). If the XJO chart (as I see it of course) was a stock on my watch list, I'd be a buyer not a seller. The rise to the previous high with increasing volume means if it breaks through the current level it is looking at a rise to around 7,291 - which has been a target I've had in mind for several months.
PS: As you understand Wyckoff patterns there is one marked in my XJO chart which has the point & figure chart target Wyckoff promotes of 7,174 - so quite close to current level. Also a secondary target of 7,379 might come into play if price breaks 7,291.

Expand

Hi greynomad - yep I think a break above this level means the 7300 zone target is the likely one.

XJO Value at posting: 7,130.2
Upvote

0 Great analysis

Reply

Top Stories

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

PAM

PAM secures high-grade Chilean copper play in strong territory

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

First 49 Last

Add XJO (ASX) to my watchlist