Cabana Capitals Blog Technical Analysis Possible start of a bullish trend as DOW 30 breaks resistance

Possible start of a bullish trend as DOW 30 breaks resistance

Possible start of a bullish trend as DOW 30 breaks resistance post thumbnail image

DOW 30 has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 8 days and suggests a possible target level to be around 38671.6055 within the next 2 days.

Supported by Upward sloping Moving Average

Target: 38671.6055 Entry: 38413.82 Stop: 38319.303

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post