IMO mission achieved today for XAO and BHP. IMO the intent was to get the upside gaps on XAO and BHP in particular filled so we can now retest support to the downside.
The after close matchout was IMO manufactured (presumably with offsetting bids and offers from same counterparties) to ensure the upside gaps on XAO and BHP were closed (XAO gap at 4242 - closed 4251; BHP gap at 2930 - closed at 2931).
Also, gap between yesterday high and today's low was presumably left to add downside pressure in next day or two.
Indicators are now overbought on the hourly as well so I'm expecting pullback tomorrow.
IMO mission achieved today for XAO and BHP. IMO the intent was...
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8,114.7 |
Change
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Mkt cap ! n/a | |||
| Open | High | Low |
| 8,092.3 | 8,148.7 | 8,092.3 |
| XJO (ASX) Chart |