ASX to find buyers at market?

OANDA:AU200AUD   Australia 200
ASX200 - 24h expiry - We look to Buy at 7490 (stop at 7455)

Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
The medium term bias remains bullish.
Preferred trade is to buy on dips.
Further upside is expected although we prefer to buy into dips close to the 7490 level.

Our profit targets will be 7585 and 7870

Resistance: 7590 / 7870 / 8325
Support: 7340 / 7140 / 6980

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