Thursday, October 15, 2026

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ASX200 faces strong resistance around 4930, break above targets 5035

Major resistance -4930 Major support -4860 ASX200 has made a high of 4927 at the time of writing and declined from that level. It is currently trading around 4900. Short term trend is still weak as long as resistance 486…

By Lis Howell
1 min read
ASX200 faces strong resistance around 4930, break above targets 5035
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  • Major resistance -4930
     
  • Major support -4860
     
  • ASX200 has made a high of 4927 at the time of writing and declined from that level. It is currently trading around 4900.
     
  • Short term trend is still weak as long as resistance 4860 holds.
     
  • On the higher side any break above 4930 will take the index till 5000/5035.
     
  •  Minor weakness can be seen below 4860 and break below targets 4825/4765.

It is good to buy above 4930 with SL around 4875 for the TP of 5000/5035

 

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