Australia's largest stock trading and investment forum Australia's #1 stock forum

XLD

Click for more information

0.09%

1,592.0 s&p/asx 200 2 x daily leverage index

Thanks Guys, Wasn't aware of this thread before. Nice...

First 172 Last

Share
Profile

Follow
pmd3nka

2,393 Posts.

13

29/05/16

11:37

Post #: 17894607
Share

Originally posted by Jako64 ↑

Yeah, the circled ones do appear to be buying or support, and the recent rise in price is the response.
And yes you are right, the 1629 to the upside may have been somewhat muted.
Perhaps that is a reflection of the congestion to the left which price is attempting to move past.

So yes there is some buying in the background, but we will have to wait for some more trading before we can tell much more as yet. Although the little downwave at the end (295) is complete, and suggests at that time supply wasn't too bad.

cheers

Expand

Thanks Guys,
Wasn't aware of this thread before. Nice discussion, good ref (Bulkowski), no nasty comments. FWIW, Larry Edelson ("Real Wealth Report", 20/05) suggests buying gold anytime it drops below $1207 (I do not buy gold or futures). And if it goes to $1160ish, load up on Au stocks.

pmd3nka - not in gold stocks atm, just watching, reading.
2 Upvote

0 Great analysis

Reply

Top Stories

ALY

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

There are more pages in this discussion • 352 more messages in this thread...

First 172 Last

Add XLD (ASX) to my watchlist