Australia's ASX is up in early trading

Technical Analysis

Author: Greg Michalowski | asx

Up 0.41% at 5854

The Australia's S&P/ASX 200 is  trading up 0.41% at 5854 in early trading . The low reached 5830.30.  The high extended to 5862.30 so far. 

Since bottoming on Friday at 5624.60, the price has moved higher this week. A close above the closing level from yesterday will be the 5th straight up day (Friday closed higher).  

The move from the end of August high to the low reached last Friday, took the index down -11.75%.  

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