XJO 0.99% 7,896.9 s&p/asx 200

[ATTACH]...

  1. 19,112 Posts.
    lightbulb Created with Sketch. 3682
    250515.png




    ------------------------------------------------------------------------------------------------------------------------------------------------
    Good Morning and Welcome to the XJO Tuesday Thread

    ------------------------------------------------------------------------------------------------------------------------------------------------




    210414 bad bank.png




    News for Today (AEST)

    250515 news.png




    The XJO closed higher on Monday.
    Volume (value traded) remained quite low, however this is not particularly uncommon for a Monday.
    Spread (or range) increased considerably, and the close was relatively high,
    which discounts any lack of demand, and in turn suggests that selling pressure must have been low.


    The old demand lines (lower) from the previous trading range are just above now,
    and the expected resistance there may prove to be a tough nut to crack in the short term.
    And of course, this would also be an obvious place for a failure.........


    Just how price negotiates with the potential resistance zone (5739.8 - 5748.7) above, may offer an insight as to the near term direction of the Index.

    250515 xjo.png


    The positions of the 100 period and 200 period moving averages are quite interesting right now.
    250515 xjo 1.png




    210414.png




    210414 1.png




    Good Trading and Investing

    .

    Z10.png
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.