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	<title>Planet Wealth - Australian Stock Market Education &#187; XOA Shows Strong Bullish Signal</title>
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		<title>XOA Shows Strong Bullish Signal</title>
		<link>http://planetwealthblog.com.au/xoa-shows-strong-bullish-signal/</link>
		<comments>http://planetwealthblog.com.au/xoa-shows-strong-bullish-signal/#comments</comments>
		<pubDate>Sun, 12 Jul 2009 13:04:32 +0000</pubDate>
		<dc:creator>Planet Wealth</dc:creator>
				<category><![CDATA[bullish signal]]></category>
		<category><![CDATA[stock market]]></category>
		<category><![CDATA[Technical Analysis]]></category>
		<category><![CDATA[Head and Shoulders]]></category>
		<category><![CDATA[moving averages]]></category>
		<category><![CDATA[XOA]]></category>

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		<description><![CDATA[The XAO rejected the Head and shoulder neckline we spotted last week and used past resistance and Moving Averages (MAV) as support for the bounce. This is currently a strong bullish signal. The next resistance level is 4050. However if support at the Mav’s and weekly support line fail, the next area of support is [...]]]></description>
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<p class="MsoNormal"><span lang="EN-AU">The XAO rejected the Head and shoulder neckline we spotted last week and used past resistance and Moving Averages (MAV) as support for the bounce.</span></p>
<p class="MsoNormal"><span lang="EN-AU">This is currently a strong bullish signal. The next resistance level is 4050. However<span> </span>if support at the Mav’s and weekly support line fail, the next area of support is 3500.</span></p>
<p class="MsoNormal"><a href="http://planetwealthblog.com.au/wp-content/uploads/2009/07/100709a-xao.jpg"><img class="aligncenter size-full wp-image-709" title="100709a-xao" src="http://planetwealthblog.com.au/wp-content/uploads/2009/07/100709a-xao.jpg" alt="100709a xao XOA Shows Strong Bullish Signal"  /></a></p>
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