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.
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