Volume above average (+23%) today on XAO, so a bit of conviction behind the buying. The four big banks topped the dollar value of stocks bought. Looks like the big hitters have been tipped off that the banks will only receive a slap on the wrists and that the gravy train will continue to roll for them.
Technically, the XAO hit the confluence of the 61.8% Fib and 200SMA but couldn't break through. If it breaks above, we're "officially" back into a bull market (incredibly).
I don't believe it, but I'm not going to argue with the chart.
Volume above average (+23%) today on XAO, so a bit of conviction...
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Last
3,116.4 |
Change
-11.400(0.36%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 3,127.8 | 3,141.4 | 3,109.8 |
| XSO (ASX) Chart |
