ASX 200 (XJO) short term daily chart outlook

An upside breakout of today now puts XJO into overbought territory in the short term. If we see a follow through and a further bullish built up over the coming days, that may suggest a potential test of the first tentative bullish price objective of 6150 which was taken from a Wyckoff Spring Low Pole last year.

In summary, XJO is a charging bull all time frames (short, medium and long terms).

Breakout zone of 5820 is now support level to watch.

Daily XJO chart below.

Double click on the chart to enlarge it please.



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