Cabana Capitals Blog Technical Analysis DOW 30 – resistance line broken at 2024-09-09T14:00:00.000Z

DOW 30 – resistance line broken at 2024-09-09T14:00:00.000Z

DOW 30 – resistance line broken at 2024-09-09T14:00:00.000Z post thumbnail image

DOW 30 moved through the resistance line of a Channel Down at 40799.377368421054 on the 4 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 41109.3021.

Supported by Upward sloping Moving Average

Target: 41109.3021 Entry: 40799.3774 Stop: 40182.26

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