The XJO pulled back a little to close modestly lower on Friday.
Spread reduced and volume was about average.
The price action continues to suggest (bullish) absorption is likely to be taking place.
There are a couple of breakdown lines overhead, I expect some increased supply will be drawn out if price challenges those levels.
Any pullback would likely see an initial attempt to support the market around 5806
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 (20min delay)
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Last
8,677.2 |
Change
9.000(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,668.2 | 8,714.6 | 8,652.6 |
| XJO (ASX) Chart |