Daily bull trend for the Dax signals temporary recovery
Bearish signals on the week have been confirmed, but Thursday's analysis highlighted the potential for the selling to attract buyers from the close to a developing daily bull trend, as well as to the 100 day average rate.
This has been the case and signals are now pointing to a temporary profit taking recovery towards the 50 day line.
Management and risk description
Raise stop to entry if the first target is met.
Entry: Market and 9810.0.
Stop: 9736.0, May's low.
Target: 9960.0, Wednesday's high and 10079.5, this week's top.
Time horizon: Today only
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— Edited by Robert Ryan
Non-independent investment research disclaimer applies. Read more