DBB (Industrial Metals) has come down to the "buy zone" on the Standard Error Channel, and bounced strongly, giving a three-day bullish reversal signal.
RSI has given a dual signal: above the 5-DMA and down trend line. It was very oversold - so that now looks positive.
Other indicators have ticked to the upside.
This is not overwhelmingly positive - but enough to think the probabilities are now to the upside for our miners which have been lagging our broad market index.
RB
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Last
8,639.0 |
Change
77.200(0.90%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,561.8 | 8,641.3 | 8,561.8 |
| XJO (ASX) Chart |