Take a look at fibonacci retracements if you haven't already - one of the most underrated indicators IMO and easy to use. The buy signal may be as subtle as a lack of supply below the 61.8% fib level at 48c (ie. It held support). The 50 EMA also potentially provided support here.
Short Term Trading Weekend Lounge: 8-10 Feb, page-39
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Last
8,674.1 |
Change
12.900(0.15%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,661.2 | 8,682.0 | 8,661.2 |
| XAO (ASX) Chart |
