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NUH – Nuheara Limited has been in a long downtrend and looks to be now in a reversal pattern. There are higher highs and higher lows and OBV (On Balance Volume) is mirroring this pattern perfectly. The first break of resistance was at 0.034, however a break of 0.04 could be more significant.
XJO Up 84 month of Consolidation The month of September started on a negative footing and looked to to be challenging the 6500 level on the the 4th. However a combination of positive domestic economic data, an earnings season that had a few surprises, some better than expected Chinese manufacturing results and a hopeful, more positive tone from both countries regarding the US- China trade negotiations propelled the market to a rally from the 5th of September to the 23rd. The high
XJO Down 225 Hope Springs Eternal After hitting an all time high on the 30th of July, the XJO in line with international markets began the month of August in a state of Trump tweet induced panic, being belted the first four days of the month, and dropping 360 points with consecutive red days before recovering, moving into the middle of the month. Then things got worse, once again thanks to Trump’s tweets, combined with a bond yield curve inversion on the 15th the
