Cabana Capitals Blog Technical Analysis ASX 225 approaching support level

ASX 225 approaching support level

ASX 225 approaching support level post thumbnail image

ASX 225 is about to retest a key horizontal support level near 8162.0000. It has tested this level 6 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Downward sloping Moving Average

Target: 8162 Entry: 8261.2 Stop: 8306.9

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