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ASX200 faces resistance at 5020, break above targets 5075/5130

 

  • Major resistance - 5020 ( trend line joining 5074 and 5036)
     
  • Minor support 4975
     
  • The index has broken psychological resistance 5000 and jumped till 5017 at the time of writing. It is currently trading around 5013.
     
  • On the higher side any break above 5020 will take the index to next level till 5075/5130 in short term.
     
  • Minor support is around 4975 and break below targets 4930/4900.
     
  • Short term weakness only below 4850.

It is good to buy above 5020 with SL around 4975 for the TP of  5075/5125 

 

  • Market Data
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