XJO hit the lower support boundary of the bull channel and bounced as predicted.
The upper boundary of the bull channel is more than 300 points above the lower boundary. So far today, the XJO has already risen 90 points off its early low. Another 250 points seems possible in this rally. If there is a Santa rally superimposed on top of the technical bull channel then this rally could go even higher. So, this Xmas there could be plenty of jingling bells in the trading account. (Meanwhile in the bear thread, it's alarm bells that are ringing.)
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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 |