Simply put, the XJO hit the upper trend line on the weekly and was rejected.
If this war continues into next week, I'd expect a greater sell-off.
If world peace hits during the week and the love letters resume, expect that upper channel to be unbreakable
FYI the lower purple channel is oversold territory, unless we get a nuclear war
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Last
8,547.4 |
Change
-17.700(0.21%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,565.1 | 8,577.4 | 8,525.4 |
| XJO (ASX) Chart |