Cabana Capitals Blog Technical Analysis A potential bearish movement on ASX 225

A potential bearish movement on ASX 225

A potential bearish movement on ASX 225 post thumbnail image

ASX 225 is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If ASX 225 continues in its current trajectory, we could see it reach 8076.1778 within the next 23 hours.

Supported by Downward sloping Moving Average

Target: 8076.1778 Entry: 8166.9 Stop: 8210.9

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