XAF (ASX)

XAF AUSTRALIAN

S&P/ASX ALL AUSTRALIAN 50

SHORT

Close

6956

Prev.Close

6969

Change

-13.0000

Change%

-0.19%

BEARISH ENGULFING

Sold at

6955.90

Open

6969

High

7001

Low

6956

Close

6956

0.00%

Signal History

Date	Price	Signal	Change%		AUD100⇨
07/06	6956	SHORT	0.0%		106
05/06	7012	BUY	-0.8%		107
31/05	7016	SELL	-0.1%		108
29/05	7031	BUY	-0.2%		108
24/05	7070	SHORT	-0.6%		108
19/05	7080	BUY	-0.1%		108
11/05	7071	SHORT	+0.1%		109
05/05	7051	BUY	+0.3%		109
03/05	7103	SHORT	-0.7%		109
01/05	7185	BUY	-1.1%		110
21/04	7202	SELL	-0.2%		111
12/04	7199	BUY	0.0%		111
05/04	7099	SELL	+1.4%		111
28/03	6877	BUY	+3.2%		108
24/03	6845	SHORT	+0.5%		109
22/03	6852	BUY	-0.1%		109
09/03	7180	SHORT	-4.6%		105
03/03	7149	BUY	+0.4%		105
07/02	7357	SELL	-2.8%		105
05/01	6899	BUY	+6.6%		99
28/12	6949	SHORT	-0.7%		98
22/12	6978	BUY	-0.4%		99
16/12	7026	SHORT	-0.7%		99
14/12	7054	BUY	-0.4%		100

† Trade commissions are taken as 0.20%.

Pattern & Confirmation Chart for the Last 6 Months

Our system’s recommendation today is to SHORT. The BEARISH ENGULFING pattern finally received a confirmation because the values crossed below the confirmation level which was at 6969, and our valid average selling value stands now at 6956. The previous BUY signal was issued on 05/06/2023, 2 days ago, when the index value was 7012. Since then XAF has fallen by -0.80%.

The bears have strong evidence and this evidence prompts us to make a bearish bet. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a SHORT signal is generated. Follow the signal and profit from the bearish enthusiasm before it is too late. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.

This pattern is characterized by a large black body engulfing a preceding smaller white body, which appears during an uptrend. The black body does not necessarily engulf the shadows of the white body but totally engulfs the body itself. This is an important top reversal signal. more...

Disclaimers:

Americanbulls.com LLC is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, Americanbulls.com LLC relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. As such, Americanbulls.com LLC does not offer or provide personalized investment advice. This site and all others owned and operated by Americanbulls.com LLC are bona fide publications of general and regular circulation offering impersonal investment-related advice to member and /or prospective members.

Aussiebulls.com is an independent website. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

Therefore, Aussiebulls.com and Americanbulls.com LLC is exempt from the definition of “investment adviser” as provided under Section 202(a) (11) of the Investment Advisers Act of 1940 and corresponding state securities laws, and hence registration as such is not required. We are not a registered broker-dealer. Material provided by Americanbulls.com LLC is for informational purposes only, and that no mention of a particular security in any of our materials constitutes a recommendation to buy, sell, or hold that or any other security, or that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. To the extent that any of the information obtained from Americanbulls.com LLC may be deemed to be investment opinion, such information is impersonal and not tailored to the investment needs of any specific person. Americanbulls.com LLC does not promise, guarantee or imply verbally or in writing that any information provided through our websites, commentaries, or reports, in any printed material, or displayed on any of our websites, will result in a profit or loss.

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Aussiebulls.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

Displayed information is based on widely-accepted methods of technical analysis based on candlestick patterns. All information is from sources deemed to be reliable, but there is no guarantee to the accuracy. Long-term investment success relies on recognizing probabilities in price action for possible future outcomes, rather than absolute certainty – risk management is critical for success. Error and uncertainty are part of any form of market analysis. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading. Your financial adviser can give you specific financial advice that is appropriate to your needs, risk-tolerance, and financial position. Any trades or hedges you make are taken at your own risk for your own account.

You agree that Aussiebulls.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.

read more