Cabana Capitals Blog Technical Analysis Will DAX 40 have enough momentum to break resistance?

Will DAX 40 have enough momentum to break resistance?

Will DAX 40 have enough momentum to break resistance? post thumbnail image

DAX 40 is heading towards the resistance line of a Channel Up. If this movement continues, the price of DAX 40 could test 20045.1226 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Supported by Upward sloping Moving Average

Target: 20045.1226 Entry: 19665.6 Stop: 19479.2

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