Cabana Capitals Blog Technical Analysis Should we expect a breakout or a rebound on DOW 30?

Should we expect a breakout or a rebound on DOW 30?

Should we expect a breakout or a rebound on DOW 30? post thumbnail image

The movement of DOW 30 towards 38882.7813 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 12 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

Supported by Upward sloping Moving Average

Target: 38882.7813 Entry: 38740.3 Stop: 38635.6358

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