Tuesday, November 15, 2022

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

 15/11/22. Finspiration Evening Report.

XJO finishes flat today.


XJO was down just -0.07%.

The Index has stalled at a major horizontal resistance level.

Two doji candle-sticks in a row coming at the top of a trend suggests more down-side.

On the plus side, PRT Bands have turned positive.  So any pull-back is likely to be bought.

New Highs and New Lows are now at an inflection point.


NH-NL Cumulative is now so close to a move above its 10-Day Moving Average.

A break above that would be bullish for long-term investors.



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