ASX 200 was identified at around 8577.7 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 8563.0750 level.
ASX 200 formed a Channel Up on the 1 hour chart. Retest of support in sight.
