ASX 225 was identified at around 8012.4 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 8081.3361 level.
Supported by Upward sloping Moving Average
Target: 8081.3361 Entry: 8012.4 Stop: 7987.4
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