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1.23%

7,569.9 s&p/asx 200

Last week the XJO had the worst weekly decline 2.4% since late...

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wave4

587 Posts.

120

18/03/24

15:53

Post #: 72944326
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Originally posted by Ewebute: ↑

If anyone might be looking for a shorting opportunity, think our Tech majors? But is there one in particular that might be better than the others?

Why The Concern might be best especially as it is associated with software to the Transport industry. If you know, you know. Pushing this morning so making it cheaper to enter a position. Maybe later in the week.

The others are in industries which have a greater chance of continued usage although lower revenues potentially.

The volumes and values are very low this morning. No one is committing to any bigger end movements. CPU had a spike in intraday volume though. Maybe an upside trade there?

Can't Value Naught is starting to push on potential energy prices rising of late? Going against that sector movements this morning.

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Last week the XJO had the worst weekly decline 2.4% since late Sept 2023.
The engulfing bar on the XJO (daily) last mon was very bearish taking out the prior 4 green candles.
Price is back inside the daily trading range.
The fact that price could not sit on top of the daily trading range trade sideways & absorb the selling is very negative.
7545 is the low of the trading range
XJO Value at posting: 7,678.7
5 Upvote

1 Great analysis

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