Heres the 458 chart again, pretty impressive impulse move to 6880 and now back to test support of the break out and also the long term trend line.
The main reason i favour this area, even though many economic indicators suggest otherwise, is that for a trade the risk is clear cut and minimal. So if it doesnt hold, then its pretty easy to see the next level.
But as i have said before i'll respect the trend line until otherwise broken.
Heres the 458 chart again, pretty impressive impulse move to...
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Last
7,763.2 |
Change
-59.100(0.76%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,822.3 | 7,822.3 | 7,759.5 |
| XJO (ASX) Chart |