ASX to continue in the upward move?

3 Ara

ASX200 - 24h expiry

Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Preferred trade is to buy on dips.
Economic figures could adversley affect the short term technical picture.

We look to Buy at 8440 (stop at 8400)
Our profit targets will be 8540 and 8570

Resistance: 8570 / 8820 / 9000
Support: 8440 / 8350 / 8170

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