Technicals | Jun 30 2014
By Nick Linton-Ffrost
A break out of the ASX 200 (XJO) two-month range between 5375 and 5550 may present us with an opportunity over the next week or so.
We suspect a couple of closes above 5465/80 will turn the MA’s into a buy and produce a line break which should be enough to trigger a move north towards 5625 .
While trading below 5425 for more than a day or two turns the odds in favour of a dip towards 5200.
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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