Morning all,
Just had a look at Terry Laundry's latest update (http://www.ttheory.com/).
In summary:
- the 55EMA will continue to provide overhead resistance
- the 5 Nov spike high is the high for this rally
- rally will probably extend to 17th (or 14th) Nov before collapsing to new major low
- possible (though uncertain) rally from new lows with peak 3rd week of Dec
His suggestion about 14th-17th Dec as being the end of this rally lines up with Robbbbbbb's 17th turn date.
Now looking at how this translates in terms of channel movement. At 3960 we had a 2nd test of the bottom of the current uptrend channel. If TL is right this suggests that from here we fail to get all the way across the channel to test the channel top a 2nd time and so a nasty fall follows.
- Forums
- ASX - By Stock
- XJO
- trending tuesday
trending tuesday, page-19
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,223.0 |
Change
35.600(0.43%) |
Mkt cap ! n/a |
Open | High | Low |
8,187.4 | 8,242.8 | 8,187.4 |
Featured News
LU7
The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour
RCE
Phase II clinical trial recruitment for R327G topical gel passes halfway, showing promising results against bacterial skin infections
XJO (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, MD & CEO
James Graham
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online