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Dax Adds More Points And Continues to be Positive

Adel 9 October, 2020 11:32 am Daily Technical Analysis, Technical Analysis

The German DAX managed to maintain its positive stability, posting a session high at 13085 in early tradings.

Technically, we tend to positive, depending on the breach of 12940, which turned into support, with the positive motive of the 50-day moving average, which continues to hold the price.

We will maintain our positive view in the short term, targeting 13130 as a first target, and breaking it opens the door directly to 13180.

Trading below support level 129430 will hamper the attempts to rise, and we will witness negative trading targeting 12880 and may extend to 12830.

Caution: Stochastic is trading around overbought areas.

Warning: the level of risk remains high.

S1: 12980R1: 13130    
S2: 12885    R2: 13180   
S3: 12830   R3: 13275   

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