DAX: Longs Need Stops Below 12100

Stocks - Dow Notches Another Record High as Defensive Stocks Rally

DAX: Longs Need Stops Below 12100

www.investing.com/analysis/dax-daily-forecast--13-april-2018-200305269

DAX: Longs Need Stops Below 12100

By Jason Sen | Apr 13, 2018 06:07AM ET

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DAX Weekly Chart

DAX failure to beat strong resistance at 12420/440 targets first support at 12320/330 before much better support at 12265/255. On further losses look for 12215/210 before a buying opportunity at 12165/155; longs need stops below 12100. A break below 12110/100 is a sell signal targeting 12070/060 and 12000/11980.

Strong resistance at 12420/440 has worked perfectly this week but shorts need stops above 12485. A break higher is a short term buy signal targeting 12520/540 and 12595/599.

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Sep 19, 2018

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