XTL 0.72% 4,672.7 s&p/asx 20

Yep I agree It did look a little threatening for a week or two...

  1. 16,642 Posts.
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    Yep I agree

    It did look a little threatening for a week or two back in early June.
    But the downside never gained any traction when it slipped below the previous support @14.34, and actually saw some moderate buying instead (which was sort of confirmed in mid June with a series of upbars in response).
    Since then the price action has suggested a period of re-accumulation, and this recent push higher is probably the confirming action.

    Weekly
    MND 260918.png

    cheers
 
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