Cabana Capitals Blog Technical Analysis Breach of important price line imminent by FTSE 100

Breach of important price line imminent by FTSE 100

Breach of important price line imminent by FTSE 100 post thumbnail image

FTSE 100 is about to retest a key horizontal resistance level near 8335.3496. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Upward sloping Moving Average

Target: 8335.3496 Entry: 8305.2 Stop: 8245.7535

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