ASX 225 has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 8 days and suggests a possible target level to be around 7832.9199 within the next 2 days.
Supported by Upward sloping Moving Average
Target: 7832.9199 Entry: 7805.2 Stop: 7772.802