Aurum Markets Blog Technical Analysis A potential bearish movement on ASX 225

A potential bearish movement on ASX 225

A potential bearish movement on ASX 225 post thumbnail image

ASX 225 is about to retest a key horizontal support level near 8496.0000. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Downward sloping Moving Average

Target: 8496 Entry: 8543.2 Stop: 8569.209

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