Technicals - ASX200 INDEX - technical buy signal target located at 5380 reached

Angela Mangan

QMG Pty Ltd

The ASX200 index originally generated a technical buy signal at 5081 on 3/3/16 which was followed by a secondary technical buy signal generated at 5188 on 19/4/16.(VIEW LINK) The rally today has resulted in the nominated upside technical target located at 5380 being reached / exceeded - which had been the minimum expectation for a rally. The index technicals remain positive given there is no sign of a technical top formation emerging.


Angela Mangan
Angela Mangan
Technical Analyst
QMG Pty Ltd

Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.

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