DAX: Big Moves To The Downside Unlikely In Bull Trend
Jason Sen | Feb 23, 2017 04:25AM ET
DAX is overbought short term so there is a risk that we have seen a high for the week now. Big moves to the downside are very unlikely in the bull trend but we could target minor support at 11955/945 before better support at 11900/890. Watch for a low for the day and try longs with stops below 11860. Further losses meet good support at 11815/805.
A break above 12030/040 is always possible in the bull trend despite overbought conditions to target 12085 12110/115 and perhaps as far as 12150/160.
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