The ASX200 is looking heavy and ready to clean out some recent buyers

New Sell Entry Alert ASX200

Time Frame : Daily/Weekly

ASX200 – ASX200 Index CFD

The ASX200 looks heavy and ready to put the squeeze on a the recent buyers. With the action in Hong Kong potentially ready to heat up we expect some nervousness into the markets and further risk off into equities. We are happy to sell at 6532 and will hold the stop loss at 6610. If price rallies and trades 6610 prior to the sell entry trigger, then cancel the alert and re-assess.

Stock Code : ASX200 Index CFD

Current Price : 6565

New Potential Sell Entry (Trigger Level) : 6532

Potential Buy Exit Zone (Stop Loss) : 6610

Status : On watch for Sell Entry trigger