Agree with you wholeheartedly there Martis, last night was weak, the spread narrowed on increased volume and for all that volume effort where did the price go? Didn;t go far at all in my book, thats a lot of effort for very little reward, just reeks of selling and its the obvious place to be doing so right at the top of the short term trend channel.
chart below shows the 30 minute and 3 minute views with observations. I wouldn't want to be going long from here.
cheers
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Last
8,665.0 |
Change
-92.200(1.05%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,757.1 | 8,757.1 | 8,648.7 |
| XJO (ASX) Chart |