The Market giveth and the Market taketh away
Quote:
Originally Posted by
moosie_900
Hoop, care to chart up for us? I'm busy cleaning up my house, moving out soon :p
I'm afraid it is another scary chart Moosie
XRO is technically broken again after there was some hope that the mid April low 2800 might had been the bottom...
XRO has entered a near vacuum. ....Chart theory shows only two minor historic gap supports ~2500 and ~2200 between todays 2590 price and ~1900..Market theory (depth) shows a lack of buyers and sellers, there is a hint of support at 2500c but as depth is dynamic all could be different tomorrow...
There's media news that this fall is investor tax refund on realised losses related...seems hard to believe when you look at the volume on the chart...
More believable is the big ~7 million shares traded on the 30th May has been the technical catalyst...Still can't find any news on what happened that day
http://i458.photobucket.com/albums/q...RO23062014.png