Cabana Capitals Blog Technical Analysis ASX 225 – psychological price line breached

ASX 225 – psychological price line breached

ASX 225 – psychological price line breached post thumbnail image

ASX 225 has broken through a resistance line. It has touched this line numerous times in the last 15 days. This breakout shows a potential move to 8128.1001 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

Supported by Upward sloping Moving Average

Target: 8128.1001 Entry: 8051.3 Stop: 7940.776

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