Cabana Capitals Blog Technical Analysis ASX 225 has broken through support

ASX 225 has broken through support

ASX 225 has broken through support post thumbnail image

ASX 225 has broken through a support line of a Descending Triangle chart pattern. If this breakout holds true, we may see the price of ASX 225 testing 7675.6284 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any action.

Supported by Downward sloping Moving Average

Target: 7675.6284 Entry: 7735.4286 Stop: 7827.9

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