Cabana Capitals Blog Technical Analysis Resistance breakout on ASX 225

Resistance breakout on ASX 225

Resistance breakout on ASX 225 post thumbnail image

ASX 225 has broken through a line of 8165.0000. If this breakout holds true, we could see the price of ASX 225 heading towards 8224.7197 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

Supported by Upward sloping Moving Average

Target: 8224.7197 Entry: 8174.8 Stop: 8124.221

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