ASX 200: Bullish invalidation confirmed, too early to call a top
Friday's sell-off suggests the rally from November lows has topped out at least for the short-term, however, it is too early for bears to jump the gun.
They need to wait for the daily close below the rising trend line support!
That would push the MACD below zero and the RSI below 50.00 levels and open doors for a sell-off to 5568-5400 levels.
Only a daily close above 5800 would signal continuation of the rally from the November lows.
They need to wait for the daily close below the rising trend line support!
That would push the MACD below zero and the RSI below 50.00 levels and open doors for a sell-off to 5568-5400 levels.
Only a daily close above 5800 would signal continuation of the rally from the November lows.
