Sell entry alert cancelled as price grinds higher

Sell Entry Alert Cancelled on the ASX200 as price hits 6219.

We will be watching the action still as price still looks uncertain.


Original Alert 25/9/18

New Sell Entry Alert ASX200

 

Time Frame : Daily

 

ASX200 Index

The ASX200 is starting to look weak so we are happy to get short and see where the action takes us. Happy to sell on a push lower through 6158 and hold the stop loss at 6219. If price pushes higher prior to entry through 6219, we will cancel the alert and re-assess the action. The short is also a nice hedge if price really gets a move on lower as global sentiment is still negative. A sell can also be traded on the STW on the ASX through 5835.

 

Index Code : ASX200

Current Price : 6174

New Sell Entry Level (Trigger Level) : 6158

Potential Buy Exit Zone (Stop Loss) : 6219

Status : On watch for a Sell entry trigger