Cabana Capitals Blog Technical Analysis ASX 225 approaching important level of 8228.2998

ASX 225 approaching important level of 8228.2998

ASX 225 approaching important level of 8228.2998 post thumbnail image

ASX 225 is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 3 days and may test it again within the next 13 hours.

Supported by Downward sloping Moving Average

Target: 8228.2998 Entry: 8250.3 Stop: 8261.42

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