DAX Index Long-Term Technical Analysis: breaking key resistance for the bullish trend to be continuing
Analytics & Forecasts

DAX Index Long-Term Technical Analysis: breaking key resistance for the bullish trend to be continuing

2 December 2015, 18:11
Sergey Golubev
Sergey Golubev
0
853

The price is located above 100 period SMA (100 SMA) and 200 period SMA (200 SMA) with the ranging within the following support/resistance levels:

  • 12425 resistance level located far above 100 SMA and 200 SMA in the primary bullish area of the chart, and
  • 9298 support level located within 100 SMA/200 SMA on the border between the primary bearish and the primary bullish trend.


RSI indicator is estimating the primary bullish to be continuing.


  • If the price will break 12425 resistance level so the bullish trend will be continuing.
  • if price will break 9298 support so the bearish reversal will be started with the secondary ranging.
  • if not so the price will be ranging within the levels.
Resistance
 Support
1180210490
124259298
The Long-Term Strategy: watch close price to break 12425 resistance level for possible buy trade. Alternateve - watch price to break 9298 support level for possible sell trade
#technical analysis, stock market, DAX Index
Share it with friends: