ASX200 faces major resistance at 5080, good to sell on rallies

FX:AUS200   S&P/ASX Index
54 0 2
Major resistance - 5078 (support turned into resistance)

ASX200             has slightly recovered after making a low of 4974. It is currently trading at 5018.

Short term trend is slightly weak as long as resistance 5080 holds. Any break above 5080 will take the index up till 5130/5160.

On the lower side any break below 4970 will drag the index till 4920/4850.

Short term trend reversal only above 5230.Break above targets 5275/5300.

It is good to sell on rallies around 5035-40 with SL around 5080 for the TP of 4975/4920 .
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out