ASX 100 (XTO)

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ASX 100 (XTO): Signals

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Summary

[BEARISH]: A short term Pivot Reversal has formed with ASX 100 which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 23 occurrences of this bar reversal giving a signal probability of 8.7%.



The pivot reversal is the only reversal signal that is present at all market turns. Many analysts use the pivot points as an entry or exit signal. The power of the pivot point is similar to the Island Reversal in that every trader who opened a position on the day made the extreme high or low is now losing and will scramble to get out.

[Calculation] Pivot Reversal (PIVOT):
1) Uptrend: High is higher than the high of the bars either side of its Last day closes below the low of the day with the highest high;
2) Downtrend: Low is lower than the bars either side of it Last day closes above the high of the day with the lowest low;

Top 10:

Bar Reversal

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Company Close Close Change (%) Volume Value Signal
MLD Maca 1.24 7.8 2,424,597 -1 BEARISH
VGL Volante 3.52 5.1 2,401 -1 BEARISH
GNE Genesis Energy 2.32 3.1 11,628 -1 BEARISH
ASG Autosports 1.66 2.5 15,060 -1 BEARISH
FDV Frontier Digital Ventures 0.63 1.6 29,113 -1 BEARISH
HPI Hotel Property Investments 3.2 1.6 498,582 -1 BEARISH
HUO Huon Aquaculture 4.53 1.6 143,076 -1 BEARISH
SOM Somnomed 2.09 1.5 4,000 -1 BEARISH
BTI Bailador Technology Investments 0.81 1.3 31,186 -1 BEARISH
PHI Phileo Australia 12.7 1.2 180 -1 BEARISH
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