Monday, July 24, 2023

24/7/23. Monday Evening Finspiration Report.

 XJO  down marginally today. -0.1%.  Woodside at record high, up +2.34%.

The chart now shows a cluster of doji candlesticks at the top of the trend.

Hull MA13 has turned down.  That's the shortest term MA that I use.  It's about equal to a 5-Day MA.

No other indicators have turned down yet - but it only seems a matter of time.

Here's the chart for Woodside:


Woodside had a very strong day taking it up to an all-time high.  All-time highs usually get followed by more upside.

While Woodside was going higher, Lithium stocks were slaughtered.  Core Lithium was down more than -17%.  That took other Lithium stocks down, e.g., Latin Resources -13.8%, Sayona -11.8%.

Energy pushed up by Woodside was the best sector today +2.2%.  But Materials balanced that out with a fall of -1.41%.  BHP down -1.51%.



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