Dax Failure To Beat 200 WMA At 11465/475 Prompts Sell Signal
Jason Sen | Feb 22, 2019 05:41AM ET
Dax failure to beat 200 weekly moving average at 11465/475 leaves us with a sell signal. Try shorts on any recovery towards 11450/480 with stops above 11510. We need a weekly close above here to generate a strong buy signal in to next week. The the targets of 11900 & 12300 are realistic.
Outlook turns negative as we look for a test of minor support at 11370/350. Below 11340 signals further losses to minor support at 11310/300. On further losses look for 11250/240 before very strong support at 11200/190. A bounce from here is expected on the first test.
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