Tradersweekly

Technical analysis update: DAI (23rd July 2021)

Long
XETR:DAI   DAIMLER AG NA O.N
Daimler provides interesting setup. RSI and price show divergence. MACD and Stochastic attempt to reverse. Price traveled back towards its 20-day Simple Moving Average . In addition to that ADX contains high value which suggests that prevailing trend is at its peak. We would like to update our short term price target for DAI to 75 EUR and our medium term price target to 77.50 EUR.

Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Comment: Today price traded shy 2 cents of our short term price target.
Trade closed: target reached: Short term price target has been reached.

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