Saturday, 20 February 2010

ASX200 - 4635 on Monday 22nd Feb

5ema(4620)>10ema(4609)>20ema(4600). LONG Trades are favoured.  BB 4475-4724
Resistance 4674 Support 4610 Daily/Weely range 60/100pts. Target 4768

The range of the move from the 4955.1(19JAN) to the 4464.9 (09Feb) was 490.2 points. So the likely target levels are:
38.2% retrace 4652.2
50.0% retrace 4710.0
61.8% retrace 4767.8
78.6% retrace 4849.5 
Current rise over the last 7 trading days has been 205pts from 4465 to 4672 (19FEB)
Weekly 5ema(4629)<10ema(4663)<20ema(4707).  BB 4469-4955

No comments:

Post a Comment