Monday, February 21, 2022

Finspiration Australia. Australian market up a little today.

 XJO up +0.16% after being down strongly in the first hour of trading.


We can see the long lower wick on today's candle which indicates strong intra-day buying.

XJO remains within its trading range after bouncing today off the lower support level of the current range.

Despite the intra-day surge, breadth was weak.  Advancing issues 530, declining issues 930.

XJO remains in a state of hiatus.  Not going anywhere in particular.  Wait.


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