XMJ
The resource sector is the 2nd largest sector in the XJO, so at 17.4% it also pay to monitor this sector.
If we combine the XFJ and XMJ that's a total of 62.4% of the XJO in 2 sectors.
Seems like we only need to watch 2 sectors to get an edge on XJO.
I suspect its currently in a small ED (Ending Diagonal), i cant be sure its topped as the ED pattern has a nasty habit of morphing and chopping and grinding in a wedge shape before it eventually runs out of fuel and reverses hard, in this case i am looking for a strong break lower.
So if we see XFJ and XMJ reverse lower it will suggest XJO will puke.
We need to see a strong break of the red line as the 1st clue of a reversal.
So all eyes on XMJ and XFJ
- Forums
- ASX - By Stock
- xjo - weekend charting and chat
XMJThe resource sector is the 2nd largest sector in the XJO, so...
-
- There are more pages in this discussion • 12 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
(20min delay)
|
|||||
Last
8,214.5 |
Change
-8.500(0.10%) |
Mkt cap ! n/a |
Open | High | Low |
8,223.0 | 8,228.3 | 8,200.0 |
Featured News
XJO (ASX) Chart |