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

XAO

Click for more information

0.59%

8,703.1 all ordinaries

Sorry about last post format, totally hating the new HC...

First 35 Last

Share
Profile

Follow
Sector

19,194 Posts.

598

07/10/18

20:14

Post #: 36029132
Share
Originally posted by Sector: ↑

Originally posted by redbacka
WEEKLY REPORT

The Australian market lost a little ground this week, down -0.36%.

I’m neutral about direction for the coming week, but leaning to the down-side.

As far as sectors are concerned, I’m looking at contrarian positions. The strongest sectors are Materials and Energy. They both looked primed for a move to the downside. Some of the weaker sectors look primed for a move to the upside: e.g., XNJ, XHJ, XDJ. We could also see some action in defensive sectors like XUJ, XSJ, XUJ if we get a swing to the downside in the broad market.
XJO Charts, Daily, Weekly, Monthly.
Internals – Australian Market.
Copper
Sector Charts
XJO Daily:

The bearish rising wedge broke downwards on Monday and continued on Tuesday. Wednesday-Friday saw a counter-trend move. The Index remains below the “cloud” which is bearish territory. The long-term Stochastic (50.10.10) remains bearish.

The chart remains above the 200-Day EMA, which is a positive.

Until we get some bullish signals, it’s best to remain cautious. Wait.

XJO Weekly:

Expand

Sorry about last post format, totally hating the new HC reply features!
WTF!
XAO Value at posting: 6,301.1
3 Upvote

0 Great analysis

Reply

Top Stories

AXN

Rising demand, China's 'tech war' bans leaves this germanium explorer with significant investment potential

ACW

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

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

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

Yellow wonders: 3 global uranium companies to add to your watchlist

There are more pages in this discussion • 8 more messages in this thread...

First 35 Last

Add XAO (ASX) to my watchlist