Cabana Capitals Blog Technical Analysis Possible breach of resistance level by ASX 225

Possible breach of resistance level by ASX 225

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ASX 225 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If ASX 225 continues in its current trajectory, we could see it reach 7998.6253 within the next 2 days.

Target: 7998.6253 Entry: 7950.9 Stop: 7899

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