Current XJO. What the chart shows is that the current move from 26 August is a large outside day swing in comparison to the previous three up swings. I have numbered the swings and shown a representation in the upper diagram. If this is a bullish move then we need a higher low at around XJO4500 then a break of the recent highs. A move to 4500 would close the gap and also represent a 50% retrace. Chart also shows the 200 dema.
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |