Tuesday, 9 April 2013

ASX 200 rallying within support / resistance zone, aiming for another crack at 5000? #asx

The ASX 200 has rallied from last week's weak close, but is currently in no man's land, could go either way.  The weekly chart illustrates long term resistance turned support. A solid close over 5000 would be an initial indication of a likely run to test the previous high.