ALGO Buy Signal For ASX Limited

Our ALGO engine triggered a buy signal for ASX Ltd into yesterday’s close at $62.57.

This “higher low” pattern is referenced to the intra-day low of $61.90 posted on June 14th.

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Since reaching an all-time high of $68.90 on August 17th, the share price has slipped close to 8% lower.

We see solid technical support for the stock at $62.00 and initial chart resistance in the $66.20 area.

ASX Limited

 

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