Dax – higher daily lows highlights the demand to buy dips
A trend of higher daily lows which have been forming since last week's base is highlighting the demand to buy dips. This week's rally has taken prices above their 50-day average rate and signals continue to point to this improvement persisting as momentum indicators are also positive.
Management and risk description
Big ranges, so allocate modest capital - allow room to buy dip and raise stop to entry if the first target is met.
Entry: Buy at market and at 10,459.0, Tuesday's high
Stop: 10,386.5, Tuesday's close
Target: 10,663.0, the September 8 close and 10,770.0, this month's top
Time horizon: today only
— Edited by Clare MacCarthy
Non-independent investment research disclaimer applies. Read more