Aurum Markets Blog Technical Analysis Possible start of a bearish trend as ASX 225 breaks support

Possible start of a bearish trend as ASX 225 breaks support

Possible start of a bearish trend as ASX 225 breaks support post thumbnail image

ASX 225 has broken through a line of 8636.5996. If this breakout holds true, we could see the price of ASX 225 heading towards 8599.8604 within the next 14 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any trades.

Supported by Downward sloping Moving Average

Target: 8599.8604 Entry: 8641.4 Stop: 8657.852

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