Agree - I think that the move to 5600, out of the medium-term channel resistance, was a false breakout (caused by short squeeze, fomo or whatever)
Currently, XJO is still inside the medium-term resistance channel and a failure to break can lead to dip until it finds support in short-term channel.
If XJO manages another breakout outside medium-term resistance, I think bearish bets are off and we're looking at 5700
Agree - I think that the move to 5600, out of the medium-term...
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Last
7,971.1 |
Change
105.600(1.34%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,865.5 | 7,976.9 | 7,865.5 |
| XJO (ASX) Chart |