Home / Technical Analysis / Daily Technical Analysis / Germany’s Dax Maximizes Gains
DAX, Stocks, Europe, Technical analysis

Germany’s Dax Maximizes Gains

The German DAX index was able to surpass the required official target at 14,995, to record its highest price at 15042.

On the technical side, we hold onto our positive outlook, relying on trading stability above the previously breached resistance at 14,925 in addition to the positive signs coming from the RSI.

Therefore, the first target of today’s session is 15,080, and breaking through it will be a catalyst that increases the chances of touching 15,140 and then 15,210.

Thee bullish scenario depends on trading stability in general above 14,870.

Note: The risk level may be high.

Note: Stochastic tends to be intraday negative.

S1: 14925R1: 15080    
S2: 14825    R2: 15140   
S3: 14765   R3: 15235   

Check Also

Oil faces negative pressure 14/11/2024

US crude oil futures have reached the official target outlined in our previous technical report, …