Xero is pretty much the closest thing Australia has to "big tech" and is looking pretty good to retest all time highs of $90. We are comfortably sitting above 20 and 50 MA's on all timeframes and we have a nice bull flag forming at the $80 resistance level. A clear break above the resistance will solidify a clear buy signal for me with a target of $90 and stop loss at $78.
Note
Breakout of horizontal resistance - profit target is 89.50
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.