In Australia:
Twenty Leaders +0.4%
50 Leaders +0.4%
XJO +0.4%
Small Ordinaries –0.4%
Financials +0.5%
Materials -0.4%
Consumer Staples +0.7%
Comment: A modest up day on low volume (about 90% of the 20-Day Average). Small Ords had a poor day, and Defensives went gangbusters. Utilities +1.7% and Health +1.6%. That’s not positive for the bulls.
Technical Comment on the ASX200:
The XJO finished at 4359.4. Support resistance (in round figures): 4316/4378
Indicators:
Stochastic: 61.1. Negative.
RSI: 61.7. Positive but below the medium term up trend line.
MACD Histogram. Below zero. Negative.
MACD: Above zero. Positive. Negative divergence setting up.
CCI: +36.2. Falling below +100. Negative.
The medium term trend is up. The short term trend is down. The rising wedge has broken to the down side.
Despite the positive finish, today was a poor effort. Volume was low. Sector structure was heavily biassed to Defensives. I don’t think bulls can be heartened by this effort today. The chart appears to be forming a short term descending triangle which is bearish.
Redbacka
- Forums
- ASX - By Stock
- XJO
- we don't like mondays tuesday
we don't like mondays tuesday, page-13
-
- There are more pages in this discussion • 13 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
|
|||||
Last
8,075.7 |
Change
87.800(1.10%) |
Mkt cap ! n/a |
Open | High | Low |
7,987.9 | 8,079.0 | 7,979.5 |
Featured News
XJO (ASX) Chart |