FxWirePro: AXS200 Faces Strong Support at 5300, Good to Buy at Dips
12 May 2016, 06:41
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FxWirePro: AXS200 Faces Strong Support at 5300, Good to Buy at Dips
- Major Support - 5300
- ASX200 pares losses made yesterday and slightly jumped till 5367 at the time of writing. It is currently trading at 5346.
- Short term trend is slightly bullish as long as support 5300 holds.
- On the higher side any break above 5380 will take the index to 5430/5500/5525.
- The major intraday support is around 5300 and any break below major support targets 5250/5200.
It is good to buy at dips around 5340 SL around 5300 for the TP of 5430/5500.
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