ASX being held up by ascending support lines!
Updated
ASX is being held up by ascending support lines where it a potential bounce on weakness at 6009 (23.6% Fibonacci retracement) could occur. This could cause price to rise to its resistance at 6112 (100% Fibonacci extension, horizontal swing high resistance).
RSI (55) is being held up by a corresponding ascending support line and the ichimoku cloud is showing signs of bullish pressure which contributes to our bullish bias.
RSI (55) is being held up by a corresponding ascending support line and the ichimoku cloud is showing signs of bullish pressure which contributes to our bullish bias.
Trade closed: target reached
profit target reached!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.