Recent range down was from Oct 18th high of 4581 to Nov 16th low of 4334......
Giving us a range of 247 points and 29 days......
If we double the range in both days and points we get a rise of 498 points in 58 days
Gives us a target of XJO 4831 on the 13th JAN......
My favoured day for a high is the 1Oth Jan, which counts 55 days from November 16th low......
of course...the market can and will do as it pleases.....
as a side issue.....NCM appears to be in the process of forming a classic double bottom.......we are in the money leg......as is most everything else.....lol
Recent range down was from Oct 18th high of 4581 to Nov 16th low...
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Last
7,873.2 |
Change
-90.500(1.14%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,963.7 | 7,963.7 | 7,866.1 |
| XJO (ASX) Chart |