ASX200 trades well above 5100, jump till 5230 is possible
Monday, March 7, 2016 3:31 AM UTC
- 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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