Cabana Capitals Blog Technical Analysis Should we expect a bullish trend on DAX 40?

Should we expect a bullish trend on DAX 40?

May 6, 2024May 6, 2024| cabana-admincabana-admin| 0 Comment| 11:16 am
Should we expect a bullish trend on DAX 40? post thumbnail image
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The breakout of DAX 40 through the 18128.5996 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, DAX 40 could test 18307.8398 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

Supported by Upward sloping Moving Average

Target: 18307.8398 Entry: 18176.8 Stop: 18065.603

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