1. Most Discussed
  2. Gainers & Losers
XJO 5,751.7

Common Courtesy Tuesday

  1. Jako64

    13,151 posts.
    200317 common courtesy Tuesday.png

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

    News for Today (AEDST)
    200317 news.png


    The XJO closed lower on Monday, where spread was again a bit narrow, and volume was especially low, even for a Monday.
    In response to the two questionable high volume bars from late last week, price dipped lower from the open, and effectively offered the upper hand to any sellers, to see how much supply would be drawn out.  And the result was a narrow spread and quite low volume, which suggests that very few sellers emerged, and saw price eventually close back within the range of last Friday's bar.......although only just.
    So the expectation remains towards the upside, however I do note that price maybe vulnerable to a supply or news event, until it is able to show sufficient strength to accelerate away from the danger zone.
    200317 xjo.png


    200317.png


    Good Trading and Investing


    200317 1.png

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top