ASX Breakout from descending wedge
ASX Limited (ASX) operates Australia’s primary national securities exchanges.
These include the provision of securities exchange services, derivatives
exchange services, central counterparty clearing services, and registry,
settlement, and delivery-versus-payment clearing financial products and
associated ancillary services. It also provides market data services.
The Weekly chart shown shows the recent low at the April 2013 high with a full engulfing candle.
This week has broken out of the wedge pattern, while not complete, is the first sign of a continuing trend.