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

XLD

Click for more information

0.53%

1,627.5 s&p/asx 200 2 x daily leverage index

Yep, totally agree. I get excited when stuff like this comes up...

First 435 Last

Share
Profile

Follow
Toastman

3,191 Posts.

146

24/10/18

11:22

Post #: 36238349
Share

Originally posted by Jako8557: ↑

yep, some buyers were drawn out last night.

That doesn't mean this pull back is over yet, but it might be 'getting close'.

....I mean, it could still fail, and come off further......but,

If this is the beginning of a 'proper' accumulation phase, it is likely to do some pretty radical and broad sideways actions for a while now, probably a few months, with the larger swing becoming reduced over time.

A sharp and complete recovery probably isn't so sustainable, it has to build a cause for a while.

Watch as it unfolds, and at a certain point, the answer will likely become pretty obvious.

cheers

.

Expand

Yep, totally agree. I get excited when stuff like this comes up on a chart - it's going to get interesting. Better than TV this.

XLD Value at posting: 1,041.4
2 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

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

AXP

Tambourah chases gold veins and mineralisation extension with drilling

MIN

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

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 89 more messages in this thread...

First 435 Last

Add XLD (ASX) to my watchlist

SPONSORED BY