22/8/22. Today in Australia, XJO down -0.95%.
XJO has been rejected at the 200-Day MA, falling heavily today.
We have a preliminary, short-term sell signal with the Hull MA13 turning to the down side.
A medium-term sell signal will occur when the following conditions are all met:
1. RSI below 50.
2. Stochastic turning down below 80.
3. MACD Histogram below zero.
Conditions 2 and 3 have so far been met.
Advance-Decline Line is also flashing a sell signal.
A-D Line has now fallen below its 20-Day MA. That's another sell signal.
It's not looking very hopeful at this stage.
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