Aurum Markets Blog Technical Analysis Should we expect a breakout or a rebound on ASX 225?

Should we expect a breakout or a rebound on ASX 225?

Should we expect a breakout or a rebound on ASX 225? post thumbnail image

ASX 225 is heading towards a line of 8869.0996. If this movement continues, the price of ASX 225 could test 8869.0996 within the next 13 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Supported by Upward sloping Moving Average

Target: 8869.0996 Entry: 8849.3 Stop: 8837.498

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