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