ASX 200 A-REIT Index Long Term Outlook.

Are we in the final bullish wave with XPJ.ASX if it’s long term monthly chart is examined ? According to my forecast the answer is yes. We are now witnessing an attempted upside breakout which suggest that the 5th and final bullish wave is now on display.This will complete a whole cycle in EW unless off course a failed breakout eventuates. End of month close is very important here.

An upside bullish target of 1676 would be on the sight, if we are successful with this breakout.

October 2018 low @ 1348.8 is a must hold support if the breakout on hand is genuine.

Chart is courtesy of



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