ASX200 Trades Well Above 5200, Targets 5280/5330

ASX200 Trades Well Above 5200, Targets 5280/5330

20 April 2016, 06:19
Roberto Jacobs
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ASX200 Trades Well Above 5200, Targets 5280/5330

  • Major resistance - 5215 (55 W EMA) 
  • ASX200 has broken major resistance 5215 and jumped till 5241 at the time of writing. It is currently trading at 5210. 
  • Short term trend is lightly bullish as long as support 5150 holds. 
  • On the higher side any break above 5215 will take the index to 5282/5330. 
  • The major intraday  support is around 5150 and any break below major support 5130/5100.The minor support is around 5180.

It is good to buy at dips around 5180 with SL around  5145 for the TP of 5225/5275

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