RooTrades
Long

Short Term potential bounce on ASX200

ASX:XJO   S&P/ASX 200
56 0 0
Continued weakness in the ASX200             after reaching high of 5,980 level. Support being seen at the 5,433 level + RSI divergence. Given the weak economic backdrop, I see this more as a potential bounce which could reach 5,688.

Target Entry 5,433, SL @ 5,380, TP @ 5,648.

Reasons:
- RSI Divergence
- Potential Wedge completion
- Favorable risk/reward ratio
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out