top of page

Charts Interpretation - Australia

  • Writer: Jay
    Jay
  • Sep 8, 2018
  • 1 min read

We'll start off with the overall weekly ranking:

Now let's dive into some sectors of interest:

The A-REIT sector broke out of its relative range, now needs to break above its current resistance (~1465) in absolute terms, to be upgraded to "Strong".​ The Gold sector is finding some support at the 38.2% Fibonacci level of the December 2016 - July 2018 advance. ​The Real Estate sector is acting well (strong) in relative terms. ​The Energy sector was downgraded to Average, whereas the Metals and Mining as well as the Resources sectors were downgraded to Weak. ​

Interesting week ahead!

Jay

 
 
 

Comentarios


Copyright - Charts Avenue Pte. Ltd. - All Rights Reserved - ChartsAvenue.com
bottom of page