ASX is still grinding higher but still getting the job done…time to raise the risk level

Trade Management

Current Open Alert


ASX – ASX Limited

Stock : ASX – ASX Limited

Current Price :  54.69

Previous Buy Entry (Trigger Level) : 53.31

New Sell Exit Zone (Stop Loss) : 53.50

50% Partial Exit Zone (Target) : 55.90/56.00

Status : Watching for continuation into partial Target Zone

ASX is on the move up but it is a slow grind as minor higher lows hold. We still see that there is further up for this leg to trade but are happy to lock in a breakeven trade and still give the price room to prove itself. All we can do now is sit back and watch the action.



Stock : ASX – ASX Limited

Current Price :  53.31

New Buy Entry (Trigger Level) : At current levels 53.31 up to 53.35

Sell Exit Zone (Stop Loss) : 51.75

Status : New buy entry watching for continuation higher

ASX looks strong and building for a strong leg higher. If we see the ASX200 pick up and push higher we would expect to see ASX trading volumes increase. We like the price action and are happy to buy at current levels. Risk is held below the minor higher low at 51.75.