Aurum Markets Blog Technical Analysis Either a rebound or a breakout imminent on DOW 30

Either a rebound or a breakout imminent on DOW 30

Either a rebound or a breakout imminent on DOW 30 post thumbnail image

DOW 30 is about to retest a key horizontal support level near 44366.8398. It has tested this level 6 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 Downward sloping Moving Average

Target: 44366.8398 Entry: 44575.48 Stop: 44656.433

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