Thursday, October 15, 2026

Technicals

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ASX200 breaks minor trend line resistance, targets 5050

Major resistance - 4960 (trend line joining 5346 and 5228) ASX200 breaks minor resistance around 4960 and a jump till 5050 is possible. Any weakness can be seen only below 4860. The index has made a high of 4994 at the t…

By Lis Howell
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Major resistance - 4960 (trend line joining 5346 and 5228)
     
  • ASX200 breaks minor resistance around 4960 and a jump till 5050 is possible. Any weakness can be seen only below 4860.
     
  • The index has made a high of 4994 at the time of writing and is currently trading 4984.
     
  • On the downside major support is around 4850 and break below targets 4800/4760.

It is good to buy at dips around 4920 with SL around 4850 for the TP of 5049.

 

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