ASX200 4645 fell below 10/20/50 weekly ema at 4792/4759/4672 last week. Daily sell signal 4850 was given on Wed 23 Feb. Look for a bounce back to the Daily 10ema (4769) from an over sold level over the next 1-4 days.
Note: Last time the AS200 fell below the 50ema was in May 2010. The index bounced from 4500 up to 4600 before falling another 400pts to 4200 a week later. Similar price target would be 4500 by Friday 25th March.
Note: Last time the AS200 fell below the 50ema was in May 2010. The index bounced from 4500 up to 4600 before falling another 400pts to 4200 a week later. Similar price target would be 4500 by Friday 25th March.
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