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DAX, Stocks, Europe, Technical analysis

Dax Continues to Rise

Adel 9 February, 2021 11:57 am Daily Technical Analysis, Technical Analysis

The German DAX continues to achieve the required bullish targets, maintaining the positive stability, touching our official awaited target during the previous analysis located at 14,160.

The technical side indicates the possibility of extending the gains. With a closer look at the chart, we find the simple moving averages continue to hold the price from below, accompanied by positive signs of the RSI.

Therefore, the bullish bias is likely today, targeting 14,145, then 14,210 a next stop that may extend to 14,270. Trading again below 14,000 delays the chances of an upside, and we will witness a re-test of 13,950.

Warning: Stochastic is trading around overbought areas.

S1: 14015R1: 14145    
S2: 13950    R2: 14210   
S3: 13880   R3: 14270   

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