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