Revisiting All Ords PnF Chart.

This is just a revisit to the XAO PnF chart to see what the latest Tentative PnF Bullish Price Objective is. I have used a 40 point box size and taken a vertical count from the low pole as can be seen on the chart.

Resistance at current levels ( 5300 ) is also expected. We are running ( have run as of this writing) into a resistance line ( OHLC chart not shown) where a halt/stop to this late up move may be on the cards.

That tentative bullish price objective is at 5640. How close will we get to it over the weeks ahead ?

Chart is courtesy of StockCharts.com

xaobullishpnf20042016

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