Cabana Capitals Blog Technical Analysis Either a rebound or a breakout imminent on ASX 225

Either a rebound or a breakout imminent on ASX 225

Either a rebound or a breakout imminent on ASX 225 post thumbnail image

ASX 225 is moving towards a resistance 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 4 days and may test it again within the next 7 hours.

Supported by Upward sloping Moving Average

Target: 8551.4048 Entry: 8505.3 Stop: 8471.3

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