Hmmm ... with many indicators showing price very OVERSOLD at these levels not surprising SHORTERS sold heavily into major SUPPORT and turn-point at 5635 reversing early gains.
Participants appear happy with Budget seemingly supportive of jobs and business generally and price today holding onto last week gains.
Noteworthy, overall trend still somewhat NEGATIVE as chart shows and although chart indicator has confirmed the LONG entry, price is little changed from major RESISTANCE first signalled in August 2014.
Price needs to consolidate to the upside and retest major SUPPORT at 5760 to confirm uptrend here.
Warning: Greece default on early June payment to Bondholders imminent .. finger on the trigger here.
Cheers ... tight stops.
.
- Forums
- ASX - By Stock
- price is range-bound .. and finger on the trigger here
Hmmm ... with many indicators showing price very OVERSOLD at...
- There are more pages in this discussion • 1 more message 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
7,896.9 |
Change
77.300(0.99%) |
Mkt cap ! n/a |
Open | High | Low |
7,819.6 | 7,901.2 | 7,819.6 |
Featured News
XJO (ASX) Chart |
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online