Since 2000, the S&P/ASX 200 Financials has ended December above its 200-day moving average on 11 previous occasions. December 2021 marked the 12th observation. Following this, XFJ had a tendency to rise in the 1st Calendar Quarter of the Year, providing an average 3-month gain of 5.71% & a win rate of 10 from 11 events.
Disclaimer: This data is not financial...
The Index prices have fallen below the wedge price pattern in the daily price chart and heading down towards 6168 a critical support price point which acted as a good support level in the past. Failure to hold at this level could see the index prices fall further to around 6109-5986
ASX Financial XFJ Index could be on its 3rd and final stage of a pull back. The attached chart reveals that we have a double head and shoulder price formation within the same price range. The Index closed at 6486.6 on Friday 18-8-17 down by -1.09% outside an upward price channel formed in the beginning of May this year. The index price is looking very likely to...
