Index Analysis XFJ
XFJ – ASX200 Financial Sector Index
The XFJ has been under pressure for the good part of the last year and we now see the potential for buyers to step in. The action has been contracting and price is in a prime position to build a longer term higher low. The Financial Services Royal Commission and what has been uncovered may have been factored into the market so we are now watching individual stocks in oversold territory for higher lows to build and start the push higher.
Index : XFJ – ASX200 Financial Sector Index
Current Price : 6231
Status : On watch for higher lows