Cabana Capitals Blog Technical Analysis Will DAX 40 have enough momentum to break support?

Will DAX 40 have enough momentum to break support?

Will DAX 40 have enough momentum to break support? post thumbnail image

The movement of DAX 40 towards the support line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.

Supported by RSI above 60

Target: 19231.8026 Entry: 19342 Stop: 19495.8

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