Technicals | Nov 25 2013
By Nick Linton-Ffrost
ASX 200
We suspect the two week corrective structure has terminated a fraction above our 5250 target. The implication is for a rally towards 5450.
Before placing a higher conviction on this call we would prefer to see a higher low form, however a break above the trend line may be all that is required to start the move.
A move below 5280 negates this 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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