DAX: Holding Above 11280 Is The Next Buy Signal
Jason Sen | Feb 20, 2019 01:09AM ET
DAX holding above 11280 is the next buy signal. A break above more important trend line resistance at 11330/350 (I think we can make it this week) is a bigger buy signal. Next, we must beat 11415/425 and 200 week moving average at 11465/475. I think this can be done and we should rocket perhaps as far as 11900 then 12300 in the days ahead.
Holding below 11250 (we bottomed exactly here, in fact, yesterday) however risks a slide to a buying opportunity at 11175/145. Stop below 11100.
/h3
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