Either a rebound or a breakout imminent on ASX 225

May 1, 2024| cabana-admin| 0 Comment| 7:49 am

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Technical Analysis

ASX 225 is heading towards 7559.0000 and could reach this point within the next 16 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Supported by Downward sloping Moving Average

Target: 7559 Entry: 7577.7 Stop: 7585.358

Either a rebound or a breakout imminent on ASX 225

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