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.
- Potential Wedge
- Favorable risk/reward ratio