Xero (XRO:ASX)
Technical charting analysis: Xero Shares have sold off heavily recently. While we previously identified $110-$130 as support level, it broke through this as global tech sell off.
It is still difficult to determine the bottom but we believe Xero on a fundamental level is oversold down below $105. While it has tried to stage a rebound it struggles to hold
up as market risk intensifies, this is creating an attractive re-entry point for medium to long-term investors.