Aurum Markets Blog Technical Analysis Will ASX 225 have enough momentum to break resistance?

Will ASX 225 have enough momentum to break resistance?

Will ASX 225 have enough momentum to break resistance? post thumbnail image

ASX 225 is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 3 days and may test it again within the next 10 hours.

Supported by Upward sloping Moving Average

Target: 8571.1111 Entry: 8517.8 Stop: 8491.8

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post