By Shani Raja
Oct. 2 (Bloomberg) -- Australia’s benchmark S&P/ASX 200 Index may rise to as high as 5,200 by the end of the year should it break a key resistance point at 4,800, according to technical analysis by equities analyst Julia Lee of Bell Direct.The stock index, which closed yesterday at 4,701.10, will be tested at 4,800, the low point in a “consolidation pattern” that historically signals whether the stock market will go higher or retreat, said Sydney-based Lee. The high point in the pattern is 5,200.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ak5hn2npMf3c
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