XMD 1.17% 10,423 s&p/asx midcap 50

The Big Boys, page-433

  1. 16,642 Posts.
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    Been pretty quiet over here for a couple of weeks.
    I'll try to put up some monthly charts over the next few days, of some larger cap stocks.

    Firstly (for no particular reason) WOW.
    Which has (finally) had an up month, after four consecutive down months.
    WOW has found some support at the two pivots where price has found support previously.
    The potential reversal this month (over two bars - or months) is not 'textbook' perfect, and leaves some question marks,
    however it may be enough to begin moving price sideways, and slow the downwards stride.....we'll see.....
    Obviously, a move below those two potential support lines would be a pretty serious matter, should price continue to break down.
    I didn't mark any upside targets on the chart, so as not not take away from the importance of the current support lines,
    but 26.25/26.28 would be an obvious level,  if anyone wanted one.
    And if an accumulation were to begin around these levels would likely mark the early highs of a trading range.
    WOW 010116.png

    .

    Z44.png
 
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