Tuesday, 11 October 2011

ASX 200 set to open higher

Daily and weekly candlestick charts shown below, including after hours trading, currently at 4244, up from Monday's ASX 200 close of 4201.

Despite the recent rally, the trend is still down on both charts. Only a move above the 40 week moving average at 4550 would challenge the weekly chart down trend.

Daily.


Weekly (log scale).