ASX 225 moved through the resistance line of a Pennant at 7971.90625 on the 1 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 8017.5612.
Supported by Upward sloping Moving Average
Target: 8017.5612 Entry: 7971.9063 Stop: 7945
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