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

A potential bullish movement on ASX 225

A potential bullish movement on ASX 225 post thumbnail image

ASX 225 was identified at around 8525.2 having recently rebounded of the support on the 15 Minutes data interval. Ultimately, the price action of the stock has formed a Ascending Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 8553.2000 level.

Supported by Upward sloping Moving Average

Target: 8553.2 Entry: 8525.2 Stop: 8497

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post