ASX200 breaks major support at 5130, targets 5075/5020
Major support - 5130
ASX200 has broken major support 5130 and declined till 5117 at the time of writing . It is currently trading at 5137.
Short term trend is slightly weak as long as resistance 5180 holds. Any break below 5180 will take the index up till 5205/5230.
On the lower side any break below 5130 will drag the index till 5075/5020.
Short term trend reversal only above 5230.Break above targets 5275/5300.
It is good to sell on rallies around 5145-50 with SL around 5180 for the TP of 5100/5075 .
ASX200 has broken major support 5130 and declined till 5117 at the time of writing . It is currently trading at 5137.
Short term trend is slightly weak as long as resistance 5180 holds. Any break below 5180 will take the index up till 5205/5230.
On the lower side any break below 5130 will drag the index till 5075/5020.
Short term trend reversal only above 5230.Break above targets 5275/5300.
It is good to sell on rallies around 5145-50 with SL around 5180 for the TP of 5100/5075 .
