Aurum Markets Blog Technical Analysis ASX 225 – getting close to support of a Channel Down

ASX 225 – getting close to support of a Channel Down

ASX 225 – getting close to support of a Channel Down post thumbnail image

ASX 225 is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 3 days and may test it again within the next 10 hours.

Supported by Downward sloping Moving Average

Target: 8508.5 Entry: 8583.5 Stop: 8617.5

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