ASX200 - Intraday - We look to Buy at 5325 (stop at 5270)
An Evening Star formation has been posted at the high. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. A possible AB=CD formation looks to target 5470. We look for a temporary move higher. Further upside is expected and we look to set longs in early trade.
Our profit targets will be 5475 and 5560
Resistance: 5370 / 5475 / 5567
Support: 5325 / 5275 / 5200
An Evening Star formation has been posted at the high. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. A possible AB=CD formation looks to target 5470. We look for a temporary move higher. Further upside is expected and we look to set longs in early trade.
Our profit targets will be 5475 and 5560
Resistance: 5370 / 5475 / 5567
Support: 5325 / 5275 / 5200
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