ASX:XJO 6300 by December
Chris Moody's MacD indicator showing buy signal right now
Squeeze Momentum showing it's in the good deal territory
Candles are below the Chris Moody's MA
As soon as you see 2 consecutive red candles on the 1 DAY Heikin Ashi chart for ASX:XJO, that's your stop loss, get out.
...otherwise I don't see why it can't hit 6300 even with one pullback.
Asx200long
ASX is approaching resistance, potential drop! ASX is approaching our first major resistance at 5885.8 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). A strong drop might occur below this level, pushing price down to our major support at 5692.5 (horizontal swing low support).
Stochastic (89,5,3) is also approaching our major resistance and is seeing a bearish divergence where we might see a corresponding drop in price.
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