Cabana Capitals Blog Technical Analysis Breach of important price line imminent by DOW 30

Breach of important price line imminent by DOW 30

Breach of important price line imminent by DOW 30 post thumbnail image

DOW 30 is moving towards a line of 38525.3984 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If DOW 30 continues in its current trajectory, we may see it move towards 38525.3984 within the next 11 hours.

Supported by Upward sloping Moving Average

Target: 38525.3984 Entry: 38126.62 Stop: 37968.1698

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