ASX200 Breaks Major Resistance 5400, Targets 5485/5530

ASX200 Breaks Major Resistance 5400, Targets 5485/5530

27 May 2016, 05:41
Roberto Jacobs
0
21

ASX200 Breaks Major Resistance 5400, Targets 5485/5530

  • Major resistance - 5400 
  • Major intraday Support - 5350 
  • ASX200 has broken major resistance 5400 and jumped till 5431. It is currently trading at 5417. 
  • Short term trend is slightly bullish  as long as support 5350 holds. 
  • On the higher side any break above 5430 will take the index to 5485/5536. 
  • The major support is around 5350 and any break below major support targets 5320/5290/5250. The minor support is around 5380.


It is good to buy at dips around 5390-5395 with SL around 5350 for the TP of 5485/5525

The material has been provided by ifx_logo.gif



Share it with friends: