in addition to the views of the GD200 should be in the Dax today is also the Test of the 38-day line (12.603) successfully. In spite of everything, the Dax has left to its short-term upward trend. More than that, It could educate even the pattern of a shoulder-head-shoulder Formation (SKS).
The neck line would then be at around 12,500 meters. From a fundamental perspective, to be published today, no directional data. As last the Take should Loss-Profit and stop-marks, depending on the personal risk to stringently feel that to be maintained. The short-term Slow stochastic is showing neutral.
The trend following MACD also. The Dax could start, therefore, first of all, sideways to slightly positive in the new week. The parent Ichimoku indicator sends no acute sell-signal, but for a Long time again a warning signal. Coupled with the possible SKS-Formation a little exclamation signal (!).
not tested The 200-day line, however, seems the beginning of the week to. The Lower Bollinger Band is trending at 12.335 counters. Nevertheless, as the least of: stop-Loss & Take-Profit, depending on personal risk perception to maintain and re-tighten. The Dax should fall below the neck line (around 12,500) of the possible SKS-Formation would this course target of 11,800 points. DAX Chart: Stuttgart stock exchange’s market insights
– Next technical Resistances: 12.769, 12.812, 12.913
– Next important chart technical supports: 12.525, 12.301, 12.254, 11.957, 11.447
– upper Bollinger Band: 13.249, Mid-Bollinger Band: 12.793 and Lower Bollinger Band: 12.335
– 100-days-line: 11.448 and the 200-day line: 12.207, as well as: 38-days-line: 12.603
indicators: MACD: neutral | Slow-stochastic: neutral RSI: neutral | Momentum: neutral
Ichimoku Kinko Hyo: short-term: warning signal (!) | in the medium term: still a trend confirming
volatility (VDAX-NEW): 25,57
– The opening to 09:00 PM Loss is expected to be around 12.360
(Trailing) Stop – : 12.525, 12.301, 12.254, 11.957, 11.447 ( depending on the individual risk perception)
A post by Martin Utschneider He leads the Technical analysis of Capital markets of the renowned private Bank, “Donner & Reuschel”. Prior to that, he was a well-known Austrian Private Banking address active. He has extensive experience in the investment management of international Private Banking and Wealth Management clientele. In addition to professionally, he is also a member of various certified training academies, and a University as lecturer and examiner. Practical experience in the area of “Technical analysis” has Mr Utschneider for almost 20 years. His analysis found in the German-speaking countries (D, A, CH, FL, LUX,) a very great deal of attention. In addition, representatives (Print, TV, Radio are also some of the renowned media…) to the recipients. He is a regular at n-tv, world (ex-n24), as well as DerAktionärTV interview a guest, and is currently one of the most cited experts in his field (Handelsblatt, Manager Magazin, Börsenzeitung, FAZ, SZ, Focus, stock market Online, world,…).
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 attracts “Dax starts to move sideways in the week: leading index makes possible shoulder-head-shoulder-Formation” published by market insights. Contact with the executives here.
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