Hi Mongo
Just to comment on your chart. A rally is possible and I think it needs to retest at least 1060 before heading down.
The inverse head and shoulders are also part of a bigger head and shoulders pattern going back to november 09 and It looks extremely bearish in my oppinion. Its not a clean pattern but its there and its looking at at least 800 on the down side.
The fact that is has paused at 1050 could indicate maybe a rally but I think we'll be testing 1000 before testing 1100 again. So hence looking to short around 1060 or better level. I'm a bear for a while yet.
Cheers
Poul
- Forums
- ASX - By Stock
- XJO
- wyrd wednesday
wyrd wednesday, page-14
-
- There are more pages in this discussion • 62 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
7,952.3 |
Change
-61.100(0.76%) |
Mkt cap ! n/a |
Open | High | Low |
8,013.4 | 8,013.4 | 7,918.9 |
Featured News
XJO (ASX) Chart |