Can Stocks Breakout??

14 Apr 2022

Stocks continue to look weak, but appear to be finding support at 4389. However, we could be nearing the end of this corrective phase, and might be on the precipice of a breakout. Selling momentum has eased and we are seeing some volatility at current levels which could indicate a rebound. If not, expect support at 4327. If buying momentum comes through, 4462 and 4521 remain our targets on the upside.