EOW Review of XAO.

October certainly lived up to it’s name being a bullish month, so far at least ( 13/10). Weekly chart of XAO in focus. With hardly any resistance remaining, are the bulls capable of a major breakout resolving the current trading range that we have been in since the beginning of the year ? Follow – Through or lack of it may have the answer over the coming week. OBV in the middle window as well as RSI at the bottom are supportive of the bullish stance of the price action.

Wait and see from here on.

xaowk

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