Aurum Markets Blog Technical Analysis ASX 225 short term bullish trade setup to 7789.7002

ASX 225 short term bullish trade setup to 7789.7002

ASX 225 short term bullish trade setup to 7789.7002 post thumbnail image

ASX 225 is moving towards a resistance line. Because we have seen it retrace from this level in the past, 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 13 days and may test it again within the next 2 days.

Supported by Upward sloping Moving Average

Target: 7789.7002 Entry: 7756.4 Stop: 7738.088

Leave a Reply

Your email address will not be published.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

Related Post