Aurum Markets Blog Technical Analysis Possible breach of resistance level by ASX 225

Possible breach of resistance level by ASX 225

Possible breach of resistance level by ASX 225 post thumbnail image

An emerging Channel Up has been detected on ASX 225 on the 4 hour chart. There is a possible move towards 8416.9408 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

Supported by Upward sloping Moving Average

Target: 8416.9408 Entry: 8338.7 Stop: 8268.7

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