The Indicators on the XAO are currently flashing a "sell" signal.
1. MACD below the Zero Line
2. RSI below 50.
3. Williams %R below -50.
From past experience, the probabilities now lie to the down-side on a medium term basis.
The market is currently very oversold - so some short-term positive action can be expected. But I'm not expecting it to last.
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