Cabana Capitals Blog Technical Analysis Should we expect a breakout or a rebound on ASX 225?

Should we expect a breakout or a rebound on ASX 225?

Should we expect a breakout or a rebound on ASX 225? post thumbnail image

The price of ASX 225 in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.

Supported by Downward sloping Moving Average

Target: 7977 Entry: 8035 Stop: 8065.734

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