Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The German DAX index continues to achieve gains touching the official target to be achieved at 14510, posting its highest level at 14560.
On the technical side, the upward trend is still intact and effective, depending on the stability of intraday trading above the support level of 14,440, in addition to the index continuing to receive positive signals coming from the RSI.
Consequently, we will maintain our positive outlook, continuing towards the second target of the previous analysis 14,580, and then 14,610 a next stop, and its penetration is a catalyst that enhances the chances of a rally towards 14,670. Activating the suggested scenario depends on the price remaining above 14,440.
| S1: 14440 | R1: 14610 |
| S2: 14330 | R2: 14670 |
| S3: 14270 | R3: 14780 |
