Planet Wealth - Australian Stock Market Education » XAO Now in an Up Trend Channel http://planetwealthblog.com.au We are a stockmarket investment company that educates people on the strategies we use to create both income and capital growth. Thu, 29 Jul 2010 10:04:24 +0000 en hourly 1 http://wordpress.org/?v=3.0 XAO Now in an Up Trend Channel http://planetwealthblog.com.au/xao-now-in-an-up-trend-channel/ http://planetwealthblog.com.au/xao-now-in-an-up-trend-channel/#comments Fri, 19 Jun 2009 00:17:52 +0000 Planet Wealth http://planetwealthblog.com.au/?p=646
XAO Now in an Up Trend Channel

April saw the XAO break the 12 month down trend. Where is the next significant resistance we are likely to see a pull back.

After breaking through resistance at 3700 and the 12 month down trend, the XAO has now formed an up trend channel. The next major resistance is an intersection of the over all bear trend that started in October 2007 and a significant resistance line on the weekly.

This intersection meets at 4250. It is likely this resistance will be retested and there maybe a pull back. A breach of this will see 4700 as the next resistance and possibly the confirmation of a Bull Market.

120609 xao XAO Now in an Up Trend Channel

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