Technicals - ASX200 index - potential for a sell signal to be generated - 5500 is key level to watch

Angela Mangan

The ASX200 index previously generated a technical buy signal at 5429 on 15/7/16 and subsequently reached the nominated upside technical target located at 5550 on 27/7/16 as detailed in a previous Wire.(VIEW LINK) The potential has now emerged for a technical top formation / sell signal to be generated by the ASX200 index. A close below 5500 is required to generate a technical sell signal which in that scenario would target a pullback to 5300.


Angela Mangan

Angela has 30 years experience in the technical analysis field. Angela joined QMG as a technical analyst in May 2014. Angela was the technical analyst at Bell Potter for 16 years, providing technical analysis coverage to the retail and wholesale...

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equities asx200index australian equities

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