From a completely technical perspective, the ASX 200 is nearing the lower edge of its current trend. though a closer look will indicate a level of consolidation or sideways price action is currently occurring.
 
A level of resistance sits just above it at $6200, provided this barrier can be broken then my next target point would be at approximately $6300.
 
I am intending to keep my stop relatively close to price and to then trail it behind the trendline.

ASX 200

Dec 01 2020

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