XAO closed just above long term trend support on a weekly.
Just for some perspective, there was massive fiscal stimulus both by the FED and RBA in the latter part of the week.
The ASX went down by -8% and finished the day up by +4%. That has never happened before. Ever. The pump conveniently occurred late on Friday, just before the close of weekly candlestick.
There were some serious buying at those levels to prevent XAO closing the daily and the weekly above the major long term trend.
Uncertainty prevails.
Just for some perspective, there was massive fiscal stimulus both by the FED and RBA in the latter part of the week.
The ASX went down by -8% and finished the day up by +4%. That has never happened before. Ever. The pump conveniently occurred late on Friday, just before the close of weekly candlestick.
There were some serious buying at those levels to prevent XAO closing the daily and the weekly above the major long term trend.
Uncertainty prevails.