ASX 200 Health Care Index, XHJ Monthly Chart Outlook.

Parabolic rise since early 2017 and shortening of the thrust(range) at the last bar are what draw my attention to this index. Otherwise, major uptrend in all time frames.

What appears to be a parabolic rise at present which may potentially signal a corrective period being on the horizon. Two up trending channels, one  representative of it’s long term (shown with Red channel lines) and other it’s  intermediate term ( shown with Orange channel lines) trends worth keeping an eye on still . Why bother if both have been violated with an upside breakout ? Prior resistance lines now reversing their role and acting as a support on any pullback/corrective period if and when on hand. Other technical indicator to watch would be the 12 period monthly SMA. One can also see how overbought this index is in comparison with it’s 12 period SMA or long term mean.

Analysis continues with XHJ and that of some gems within.

Monthly XHJ.ASX chart is Chart is courtesy of




All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell, hold or short sell any financial instrument, nor is it financial advice.

Investing and trading in financial markets carries considerable risk, and should always be done in consultation with a licensed financial adviser taking your personal circumstances, financial situation, objectives and needs into consideration.

Links to other websites are inserted for convenience only and do not constitute endorsement of any of the material on those sites, or any associated organisation, product or service. Kazim Agaoglu is not responsible for the content of any site owned by a third party that may be linked to this website and such links are provided as a courtesy with no judgment or warranty being made concerning the suitability, accuracy or otherwise of the content on any such site.

Kazim Agaoglu disclaims any undertakings, warranties or guarantees, express or implied and shall not be liable for any loss or damage whatsoever arising out of in connection with the use of or reliance upon any of the information on this website. The user accepts sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information on this website is no substitute for financial advice.



Comments are closed.