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Good Morning and Welcome to the XJO Friday Thread
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The XJO confirmed the decent buying seen on Wednesday, by responding strongly to the upside on Thursday.
The up move stalled out adjacent to Monday's high, which was understandable, and a logical place to close.....
Volume was quite good again, and if this was a stock chart, I would call it out as part of a reverse accumulation, where the entire 'offer' was bought up to a level. Anyway, whatever it is called, or whatever it means, I consider this price action will prove to be more positive, than negative, at this point in time.
Sideways (to up) remains the highest probability for now.
Good Trading and Investing
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Last
7,959.3 |
Change
69.700(0.88%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,889.6 | 7,969.1 | 7,889.0 |
| XJO (ASX) Chart |