XJO s&p/asx 200
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Walk on the Wild Side - Thursday

  1. Jako8557
    15,136 Posts.
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    11/04/18
    19:26
    Post #: 32387971
    110418 walk on the wild side Thursday.png


    Good Morning and Welcome to the XJO Thursday Thread

    The XJO pulled back a little and closed lower on Wednesday, where spread narrowed considerably, and volume increased to average.  This bar and volume appears to be part of the absorption or consolidation process, and at this stage does not look too threatening.  
    The short term downside level to watch is the low of Tuesdays widespread up bar (arrowed) - a clean break and close below that would leave price looking quite vulnerable again.
    110418 xjo.png


    110418.png


    Good Trading and Investing



    110418 1.png
    Last edited by Jako8557: who ate a banana 11/04/18
    XJO Value at posting: 5,828.7
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    lightbulb Created with Sketch. 2  Great analysis
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