Cabana Capitals Blog Technical Analysis Possible breach of support level by DAX 40

Possible breach of support level by DAX 40

Possible breach of support level by DAX 40 post thumbnail image

DAX 40 is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 12 days and may test it again within the next 2 days.

Supported by RSI above 60

Target: 18241.8438 Entry: 18502 Stop: 18699

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