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<\/p>\nBy Nick Linton-Ffrost<\/p>\n
A break out of the ASX 200 (XJO) two-month range between 5375 and 5550 may present us with an opportunity over the next week or so.<\/p>\n
We suspect a couple of closes above 5465\/80 will turn the MA’s into a buy and produce a line break which should be enough to trigger a move north towards 5625 .<\/p>\n
While trading below 5425 for more than a day or two turns the odds in favour of a dip towards 5200.
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\nAnother trading idea from<\/strong><\/p>\n Fifth Wave |<\/strong> fwtc.com.au<\/strong><\/a> <\/p>\n FW generates over 150 Trading Alerts on the ASX100 each year. We are a subscription service specialising in short term technical strategies based on 27years experience<\/strong>.<\/strong><\/p>\n AFSL 319830 |<\/strong> Disclaimer<\/strong><\/a><\/p>\n Reprinted with permission of the publisher.<\/em> Content included in this article is not by association the view of FNArena (see our disclaimer<\/a>).<\/em><\/p>\n Technical limitations <\/strong><\/em><\/p>\n If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.<\/strong><\/em><\/p>\n