Aurum Markets Blog Technical Analysis Either a rebound or a breakout imminent on ASX 225

Either a rebound or a breakout imminent on ASX 225

Either a rebound or a breakout imminent on ASX 225 post thumbnail image

ASX 225 is heading towards 8482.9004 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Supported by Downward sloping Moving Average

Target: 8482.9004 Entry: 8512.7 Stop: 8524.231

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