2020 2021 Australia Stock : ASX 200 Index (ASX:XJO) price forecast, Target 10350 (+51.09%)
Trade : BUY the Dip
Entry : 6850
Target : 10350 (3500, +51.09 %)
Stop : 6475 (375, -5.47 %)
Date : January 27 (Monday) 06:34 (AEST)
Note : The U.S. stock market indexes have been rising and rising for many years. Australian S&P/ASX 200 Index has not, relatively. Now, the index is showing a signal of starting to rise and the price flow looks very good. There are experts who say negatively about the stock market. However, in my view, ASX 200 is likely to go up much higher than people think. Resistances on the way may be 8596 and 10350. At this point, I set the target at 10350. When the prices drop, it will be good opportunities to buy.