What does the above chart tell us.....
The most important point.....
It is trading in a very predicable manner.....
So where to from here.....
Once overhead resistance is broken from the Down trend line at around 1710.....
It is BLUE SKIES......
When looking at ranges......
The previous all time high of around 1900 appears to be the target.....with the usual pops and drops leading up to it...
The recent Bear Trap displayed on the chart is the final signal of a greater advance coming......
naturally......this is the post of a Mug Punter and is given to balance the style of the more professional guys.......
LOL
What does the above chart tell us.....The most important...
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Last
7,861.2 |
Change
-102.500(1.29%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,963.7 | 7,963.7 | 7,861.2 |
| XJO (ASX) Chart |