Cabana Capitals Blog Technical Analysis Should we expect a breakout or a rebound on ASX 225?

Should we expect a breakout or a rebound on ASX 225?

April 8, 2024April 8, 2024| cabana-admincabana-admin| 0 Comment| 6:13 am
Should we expect a breakout or a rebound on ASX 225? post thumbnail image
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ASX 225 is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 13 days and may test it again within the next 2 days.

Supported by Downward sloping Moving Average

Target: 7711.4302 Entry: 7785 Stop: 7832.7

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