Tuesday, 19 March 2013

ASX 200 testing key support #asx

Weekly chart shows the ASX 200 testing the long term support zone just below 5000. Note the use of the word zone rather than level. To my eyes the support zone extends down to 4900 or so.

Daily chart shows there is some short term support at a similar level to long term chart, coinciding with price action from mid to late February.