ASX200 Trades Well Above 5300, Jump Till 5380/5420 Is Possible
10 May 2016, 06:20
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ASX200 Trades Well Above 5300, Jump Till 5380/5420 Is Possible
- Major resistance - 5375
- Major Support - 5200
- ASX200 pares early losses today morning after making a low of 5286 at the time of writing.It is currently trading at 5333.
- Short term trend is slightly bullish as long as support 5250 holds.
- On the higher side any break above 5330 will take the index to 5380/5420/5450.
- The major intraday support is around 5250 and any break below major support targets 5200/ 5165/5140.
It is good to buy at dips around 5290 SL around 5250 for the TP of 5375/5420.
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