ASX weekly technical report for 9 to 13 may 2016

ASX weekly technical report for 9 to 13 may 2016 ASX weekly chart technical analysis Asx this week closed with gain at 5358. This was forth gaining week for this index.   Asx future almost achieved my given tgt 5440 with high of 5420 in this week. Now correcting towards support of 5220.   For next week, ASX outlook remain weak and strategy remain sell on rise.   My tgt is at 5220 and below it expect fresh downtrend for this index.   Below 5220, asx will have downside tgts at 5080 and 4850.

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Pramod Baviskar

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