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Also noticed this:And that level (4) @ 7162, is just above the...

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DmitriMA

3,410 Posts.

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20/06/21

17:11

Post #: 53952012
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Originally posted by DmitriMA: ↑

btw, the gap-fill to 7218 is only 2% down from where the ASX200 is now.

Also...
20 SMA is 7254
20 EMA is 7229

and as the index comes down, those MA's will drop a little as well. So would be very doable for that gap to get tagged and then close at support on the 20 MA.
Or just close at 7218. We'll see!

Pretty specific scenarios I know, but I find it interesting to do

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Also noticed this:

And that level (4) @ 7162, is just above the significant trend support level 50MA, currently @ 7116.

Stay tuned!
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0 Great analysis

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