The XJO closed lower on Friday, where spread remained wider than average, but volume reduced to below average.
The Index pulled back on reduced and below average volume in sympathy with overseas markets, but importantly, it did not break below the low of Thursday's widespread upbar. It was the lowest daily volume for quite some time, so after all these higher volume day's it appears there was not really serious selling pressure on Friday, however the supply was greater than the demand on the day, no doubt.
There appears a good chance the strength of the support at the recent lows (~5710) and/or Thursday's low (~5704) will be tested now.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |