Cabana Capitals Blog Technical Analysis Should we expect a breakout or a rebound on NAS 100?

Should we expect a breakout or a rebound on NAS 100?

Should we expect a breakout or a rebound on NAS 100? post thumbnail image

NAS 100 is moving towards a resistance line. Because we have seen it retrace from this level in the past, 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 12 days and may test it again within the next 2 days.

Supported by Upward sloping Moving Average

Target: 18198.7734 Entry: 18071.2395 Stop: 18011.2459

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