Aurum Markets Blog Technical Analysis ASX 225 – Continuation Chart Pattern – Channel Up

ASX 225 – Continuation Chart Pattern – Channel Up

ASX 225 – Continuation Chart Pattern – Channel Up post thumbnail image

ASX 225 is heading towards the support line of a Channel Up. If this movement continues, the price of ASX 225 could test 7888.3636 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Supported by RSI above 60

Target: 7888.3636 Entry: 7957 Stop: 8039.5

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