Thursday, October 15, 2026

Technicals

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ASX200 trades well above 5100, jump till 5230 is possible

Major support - 5075 (resistance turned into support) ASX200 breaks major resistance 5100 and jumped till 5155. It is currently trading around 5135. On the higher side major resistance is around 5160 and any break above …

By Lis Howell
1 min read
ASX200 trades well above 5100, jump till 5230 is possible
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  • Major support - 5075 (resistance turned into support)

  • ASX200 breaks major resistance 5100 and jumped till 5155. It is currently trading around 5135.

  • On the higher side major resistance is around 5160 and any break above will take the index to next level 5200/5230.

  • Any break below major support will drag the index down till 5020/  minor support is around 5100.

  • Overall bullish invalidation only below 4850.
Buy ASX200 around 5115-5120 with SL around 5075 for the TP of 5200/5230

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