Chart - and market technically is likely to follow for the DAX is now in a Sideways consolidation. The next support is at 12.254 points. From a fundamental perspective, will be published today on the European and US purchasing managers indices. The expectations are quite divergent.long-term-oriented investors to Loss on the parent positive trend classification
put As last the Take should-Profit and stop-marks, depending on the personal risk to stringently feel that to be maintained. The some time ago, the prevailing "buying panic" has transformed the expected into its opposite. The 12.812 could not hold therefore. The including based stop-Loss offered good tactical hedges. Strategic (long-term) investors can still rely on the parent positive trend classification.
The 200-day line is trending currently 12.208 index counters. The Slow stochastic shows an oversold Situation. The DAX 30 could start, therefore, first of all, slightly positive in the new week. The parent trend-following indicators (MACD, IKH) send no acute warning signs.
not to be tested The 200-day line seems, therefore, at the beginning of the week. The Lower Bollinger band is trending in 12.301 counters. Nevertheless, as the least of: stop-Loss & Take-Profit, depending on personal risk perception to maintain and re-tighten. DAX Chart: Guidant's market insights
- Next technical Resistances: 12.525, 12.769, 12.812, 12.913
- Next important chart technical supports: 12.301, 12.254, 11.957, 11.447
- upper Bollinger Band: 13.263, Mid-Bollinger Band: 12.782 and Lower Bollinger Band: 12.301
- 100-days-line: 11.297 and the 200-day line: 12.208, as well as: 38-days-line: 12.537
- indicators: MACD: neutral | Slow-stochastic: oversold | RSI: neutral | Momentum: neutral
- Ichimoku Kinko Hyo: short-term: neutral medium term trend is in the affirmative.
- volatility (VDAX-NEW): 28,75
- The opening to 09:00 is expected to be around 12.360
- (Trailing) Stop-Loss: 12.301, 12.254, 11.957, 11.447 (depending on the individual risk
The above Text and/or reflect the opinion of the or the respective authors. The CASMOS Media GmbH is responsible for its accuracy, no responsibility and excludes any recourse claims.
This article was written by Martin Utschneider
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*The post "DAX tends in chart technical bandwidth – next Support at 12.254 points" is published by market insights. Contact with the executives here.market insight Updated Date: 03 August 2020, 04:27