ASX 225 is about to retest a key horizontal resistance level near 7883.1001. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Supported by Upward sloping Moving Average
Target: 7883.1001 Entry: 7814.9 Stop: 7787.811
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