InvestingScope
Short

DAX: Sell opportunity towards the 1D MA50.

XETR:DAX   DAX Index
DAX as most indices has been very bullish since the start of the year (strong 1M Channel Up since the 27 December bottom) but lately in particular has been sustaining a strong 1D Channel Up ( RSI = 64.920, MACD = 140.500, ADX = 26.747, Highs/Lows = 0.000 ) since mid August, that even broke (marginally) above the 1M median.

This is similar to the Channel Up during the first half of 2019 and based on the 1D RSI sequence, it requires a contact on the MA50 before making a new High. We have set a target within 12,815 - 12,740.






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