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ASX200 breaks major resistance 5075, targets 5200

Thursday, March 3, 2016 5:15 AM UTC

Major resistance - 5075
Major support - 5020 (resistance turned into support)
ASX200 breaks major resistance 5075 and jumped till 5079 at the time of writing. It is currently trading around 5076.
On the higher side any break above 5075 will take the index to next level 5143/5200.
Any break below major support will drag the index down till 4975/4930.
Overall bullish invalidation only below 4850.

Buy ASX200 around 5065-5070 with SL around 5010 for the TP of 5200

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ASX200 breaks major resistance 5075, targets 5200

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