ASX Traders Report April 7th

The ASX Ords index is trading between a range bound by a resistance high of 5,960 and support of 5,720. A break of the support level would be a technical double top formation.

All Ords Index (ASX) : The index is trading between a range bound by a resistance high of 5,960 and support of 5,720. A break of the support level would be a technical double top formation. 

All Ords Index

                                                                   All Ords Index

BT Investment (BTT.ASX) : Continues on its way in a strong up-trend with a resistance breakout on Thursday.

BT Investment (BTT)

                                                                          BT Investment

Domino Pizza (DNP.ASX) (DPZ) : Ascending triangle formation. I’m looking for a resistance breakout to trigger a long setup.

Domino Pizza

                                                                            Domino Pizza

Ramsay Healthcare (RHC:ASX) : after a strong up-trend this has consolidated over the past few weeks to form a symmetrical triangle. This could breakout either direction with an upside breakout signalling a continuation of the prevailing up-trend.

Ramsay Health Care (RHC)

                                                               Ramsay Health Care

Happy Trading

Flavio

Disclosure:

None.

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