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German Dax Repeat Chances of a Bullish Run

Adel 18 November, 2020 11:48 am Daily Technical Analysis, Technical Analysis

Germany’s DAX index tended to trading negative but still maintaining a positive stability above 13040.

Technically, with the success of the index in building on the mentioned support floor, with the positive motive of the 50-day moving average.

It encourages us to maintain the positive expectations, provided that the break of 13160 is confirmed, and this strengthens the chances of a rise towards 13225 as a first target extending gains later towards 13280.

A break of the support floor of 13040 is able to negate attempts to rise and put the index under negative pressure targeting a re-test of 12985.

S1: 13040R1: 13160    
S2: 12985    R2: 13225   
S3: 12920    R3: 13280   

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