That's it TLS, guard and gravitate back towards that key $3.40 level. Time to show your defensive properties and go contrary to XJO.
Dipped her under $3.40 knowing that is where everyone would have their stop losses placed. Fund managers and their chartists doing their best work. Really pushing it to the extremes to get the money out of the hands of the ordinary folk. First dump, now time to pump.
If you all survived the past few days and today, we now need to see stability and follow through next week (after the rate cut fuel gets injected in) and need to see $3.40 act as support from here and not as resistance. A close above $3.40 would be good.
A good day to move some super money into Australian shares today.
XJO looking at support around 6400.
TLS Price at posting:
$3.42 Sentiment: Buy Disclosure: Held
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