Buying AU200 on market.ASX200 - Intraday - We look to Buy at 6785 (stop at 6715)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
Buying at market offers good risk to reward ratio.
Preferred trade is to buy on dips.
Our profit targets will be 6980 and 7020
Resistance: 7020 / 7160 / 7340
Support: 6695 / 6410 / 6210