Cabana Capitals Blog Technical Analysis FTSE 100 is on the approach

FTSE 100 is on the approach

FTSE 100 is on the approach post thumbnail image

FTSE 100 is about to retest a key horizontal support level near 8396.9004. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Downward sloping Moving Average

Target: 8396.9004 Entry: 8416.8 Stop: 8451.962

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