Cabana Capitals Blog Technical Analysis Possible breach of support level by FTSE 100

Possible breach of support level by FTSE 100

Possible breach of support level by FTSE 100 post thumbnail image

FTSE 100 is moving towards a support 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 9 days and may test it again within the next 2 days.

Supported by Downward sloping Moving Average

Target: 8125.9446 Entry: 8220.2 Stop: 8277.2

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