Weekly – ASX hit target 5440 next tgt 5530

Weekly – ASX hit target 5440 next tgt 5530

ASX 200 weekly forecast for 21 to 25 November 2016

ASX 200 index this week closed at 5427 with flat loss. Asx is in recovery phase and bounced back after sharp selloff. On downside ASX achieved targets of 5205 and 5295. On upside 5440 is major hurdle and was recovery rally target which was got achieved in this week. Above 5440, asx future will become bullish and buy on dips for target 5530 which can be expected in next week. From long term view, above 5400, asx will remain bullish and buy for target 5885.

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