FxWirePro
Short

DAX30 trades weak on global sell-off, good to sell on rallies

FX:GER30   DAX index der deutschen börsennotierten Aktien
DAX index             has followed the global equity market trend and declined sharply almost 2% on Friday. US stock indices Dow and S&P 500             suffered huge decline in the previous week, most since 2 years.

The weakness is continuing in US market and Dow futures lost almost 200 points in the Asian session. Germany index is expected to continue its down trend. The near term major support is around 12680-650 ( trend line support and 233- day MA) and any violation below will drag the index till 12300/11840 (Feb 22nd 2017 low).

The minor bullishness can be seen only if it closes above 13170 (50- day MA) and any close above will take the index to next level till 13300/13600. It should break above 13600 for further bullishness.

It is good to sell on rallies around 12750-800 with SL around 13200 for the TP of 11860.

Same vision. A,d if we break the 4 of minor degree at 11886 then it will be a slaughter with tears and blood.
Antworten
400 point SL? Are you out of your mind?
Antworten
@EliK, target 1000 point
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden