XJO up today +0.62%
This chart is about as ambiguous as it can be.
The current consolidation is sitting about mid-range of the recent downside movement.
It bounced today off a major horizontal support level.
It remains below the 50 and 200 Day MAs which are in close proximity.
It remains below the Supertrend 1.5,7.
This can go either way. A break above the 50 & 200 Day MAs should see a solid move to the upside.
The ASX remains in the midst of reporting season. Reports from major stocks were mixed today.
WOW up +1.4% after reporting an 8% increase in revenue.
Domino's Pizza slumped -14%.
WiseTech Global was up +4.3%.
Overseas markets are generally positive, shrugging off the Ukraine/Russia problem.
Germany currently up more than +1%.
U.K. currently up about +0.6%.
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