Dax Continues to Add Points

The German DAX index succeeded in achieving the second target of the previous analysis, which is located at 13290, posting a high of 13306.

On the technical side, and with the index’s success in stabilizing intraday above 13080, in general above the solid support floor published during the previous analysis 13035/13030, in addition to the positive motive for the 50-day moving average.

This encourages us to maintain our positive expectations targeting 13310, and breaching them is a catalyst that enhances the chances of a rally towards 13440 next stations.

Only from below, the return of trading stability again below 13030 will immediately stop the bullish trend and put the price under negative pressure targeting 12890. The risk level is still high.

S1: 13030	R1: 13295
S2: 12890	R2: 13440
S3: 12745	R3: 13570