Technicals | Aug 11 2014
By Nick Linton-Ffrost
After achieving our medium term downside target around 5450 and bouncing strongly on Friday night we suspect the ASX200 should trade sideways between 5425–5525 over the next 3-7 days before another leg lower towards 5375.
We suggest trading carefully over this time as the market should be choppy and difficult to pick. Looking for sell signals above 5525 is our plan.
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.
AFSL 319830 | Disclaimer
Reprinted with permission of the publisher. Content included in this article is not by association the view of FNArena (see our disclaimer).
Technical limitations
If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.
Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.