Technicals | Jul 28 2014
By Nick Linton-Ffrost
Trading below 5550-5570 in the next day or two will turn the odds in favour of a pull back to 5475 for the ASX200. Our view is based on two indicators
- the achievement of our upside targets which are derived from the break above 5450
- a reversal (doji) day on Thursday confirmed by Friday's trading (we use a 24 hour chart)
Closing above 5610 negates our view.
Another trading idea from
Fifth Wave | fwtc.com.au
FW generates over 150 Trading Alerts on the ASX100 each year. We are a subscription service specialising in short term technical strategies based on 27years experience.
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