A potential bullish movement on ASX 225

May 2, 2024| cabana-admin| 0 Comment| 10:16 pm

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Technical Analysis

ASX 225 was identified at around 7601.2 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 7640.3304 level.

Target: 7640.3304 Entry: 7601.2 Stop: 7527

A potential bullish movement on ASX 225

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