German Dax Maintains Positive stability

The gradual rise of the German DAX index after finding a strong support floor around 15,200. Technically, with the intraday trading remaining above the 15,160 support level accompanied by the positive stimulus of the 50-day moving average, in addition to the positive signs of the RSI on short time frames.

This encourages us to maintain our positive outlook targeting 15,300/15,310 as a first target, and its penetration is a catalyst that enhances the chances of the rally for the visit of 15,340, and the gains may extend later to visit 15,385.

Trading below 15,160 will postpone the bullish trend, and we may witness negative trades aiming to re-test 15,120 before attempting to rise again. Note: The level of risk may be high.

S1: 15210	R1: 15300
S2: 15160	R2: 15340
S3: 15125	R3: 15385