Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

2/8/22.  Oz market finishes flat after RBA interest-rate announcement.

 

The Australian market was weak for most of the day but initiated an up-trend after the RBA announcement on interest rates.

It finished flat on the day +0.07%.

The chart shows a doji candle-stick at the top edge of the Kumo Cloud.  That represents resistance.  We need to see a clear close of the chart above the Kumo Cloud.

NH-NL continues to show a neutral rating:

Breadth today was slightly negative, Advances/Declines 650/748.  There's not a lot in that figure.

Today's negative figure caused a down turn, but the chart remains bullish.