ASX 225 has broken through a support line of a Rising Wedge and suggests a possible movement to 7907.8306 within the next 17 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 7 days.
Supported by RSI above 60
Target: 7907.8306 Entry: 7969.2111 Stop: 7987.8

