Cabana Capitals Blog Technical Analysis Confirmed breakout on ASX 225 1 hour chart

Confirmed breakout on ASX 225 1 hour chart

Confirmed breakout on ASX 225 1 hour chart post thumbnail image

ASX 225 moved through the support line of a Triangle at 7746.047244094489 on the 1 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 7654.1452.

Supported by Downward sloping Moving Average

Target: 7654.1452 Entry: 7746.0472 Stop: 7785.6

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