Aurum Markets Blog Technical Analysis Resistance breakout on FTSE 100

Resistance breakout on FTSE 100

Resistance breakout on FTSE 100 post thumbnail image

FTSE 100 has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 45 days and suggests a possible target level to be around 8993.2305 within the next 3 days.

Supported by Upward sloping Moving Average

Target: 8993.2305 Entry: 8685.88 Stop: 8570.584

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post