XPJ ( ASX 200 REIT Sector) Weekly Chart Outlook.

XPJ ( REIT Sector) on the other hand if compared with XFJ(Financials), may be gearing up for a major breakout which is likely to end this congestion area in the direction of it’s prior major UPTREND. It has already cleared it’s 40 period weekly SMA and started registering higher peaks and troughs. OBV at the bottom window also supporting this bullish move of late which has started in August 2015.

XUJ (Utilities) and XNJ ( Industrials)  are another two sectors with bullish posture still, must also be said.

XHJ ( healthcare sector) may also be in the process of setting a top which is yet to be confirmed. This said XHJ is still considered in a major up trend as of this writing requiring further analysis.

XPJ (ASX 200 REIT Sector) weekly chart below.

xpjweekly22022016

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