XAO 0.64% 8,688.6 all ordinaries

Short Term Trading Week Starting: 18 Feb, page-48

  1. 1,584 Posts.
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    so weve retraced about 2/3 of the october crash and we seem to be forming a bit of a flag/triangle here.  I suppose you could say we are at resistance from middle of 2018.  Now im sure that most of us have doggedly scraped back most of the 2018 losses and are now approaching break even, but the question is: was it all just a cruel joke or can we continue on our merry way.   Id love it to at least test the 2018 high to create a bit of a profit buffer before another drop but i suppose we are at the mercy of the market.


    https://hotcopper.com.au/data/attachments/1443/1443286-c6bb2cb05021d0c783ddc366acfe261c.jpg
 
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