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RogueCleaner
Jan 16, 2024 1:41 AM

bear flag break down Short

S&P/ASX 200 IndexASX

Description

next level of support is 7100

expect more selling in XJO.
everyone doesnt want to be like Argentina.
time to stabilize your currency and end this game
of asset inflation to give the wealth illusion.
game over man.

buy some short term BBOZ for a trade.

Comment

expect a little bounce @ 7300 before the next leg down.
Comments
cpstocker
I like the way you commented. What's the hypothesis for the support level and target rational for BBOZ?
RogueCleaner
@cpstocker, BBOZ has been falling like a brick for years but if you look at the chart you can see the speed of decline has almost stopped and the chart is consolidating sideways. The selling is almost over. Use bollinger bands and i reckon you will see the bands narrowing which means a breakout is imminnent.
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