The XJO closed higher on Friday, where spread narrowed, volume reduced, and the close was almost midbar (so trading was still uncertain or unconvincing). The Index again traded inside Tuesday's range, and is potentially building up a reasonable cause.
Price ran up to the high of the range, then came back a little in the afternoon to close roughly in the middle of the daily bar (some increased supply on a Friday afternoon is pretty common).
cheers
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |