ASX 200 - Pre Market Thoughts

Summary: Possible buy opportunities from the gap (gray line) around 7392. If that breaks downwards the market could be heading for 7333. Targeting around 20 points.

Certainty: No solid certainty around today’s trading. 

Chart below is a 5 min AUS200 for today.

2021-11-04 ASX200 Analysis

Looking to learn how to read the charts and understand the functions of the market? Courses and training are available, head over to the people that trained me, this is their website. Training is highly important as you will always have a better understanding of the market but also be able to decipher other peoples insights to see if they could be of value or not.  

Results 4th November 2021

There was a possible buy between the 7400 and close levels, with price bouncing close to the 200 Simple Moving Average. There was a safe 25 points available in this trade, in saying this, the trade was not overly probable. I sat this one out due to the limited probability based on my previous experience.  

2021-11-04 ASX200 Result Today

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