Cabana Capitals Blog Technical Analysis Either a rebound or a breakout imminent on DAX 40

Either a rebound or a breakout imminent on DAX 40

Either a rebound or a breakout imminent on DAX 40 post thumbnail image

DAX 40 is heading towards a line of 19602.6992. If this movement continues, the price of DAX 40 could test 19602.6992 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Supported by Upward sloping Moving Average

Target: 19602.6992 Entry: 19542.3 Stop: 19506.514

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