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 7 days and may test it again within the next 2 days.

Supported by Upward sloping Moving Average

Target: 8173.5315 Entry: 8117.7 Stop: 8088

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