Good Morning and Welcome to the XJO Thursday Thread
The XJO pulled back a little and closed lower on Wednesday, where spread narrowed considerably, and volume increased to average. This bar and volume appears to be part of the absorption or consolidation process, and at this stage does not look too threatening.
The short term downside level to watch is the low of Tuesdays widespread up bar (arrowed) - a clean break and close below that would leave price looking quite vulnerable again.
Good Trading and Investing
Walk on the Wild Side - Thursday
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Last
8,092.3 |
Change
139.100(1.75%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,953.2 | 8,092.3 | 7,952.8 |
| XJO (ASX) Chart |