DAX is on a very strong bull run since its December bottom, maintaining the trend on a 1D Channel Up that was recently broken to the upside (RSI = 71.535, MACD = 158.900, Highs/Lows = 203.0988). The index now enters into the overbought zone and the Inverse Head and Shoulders pattern on 1W suggests that it will approach the 12,460 neckline before any meaningful...
Dax index going down again => we can see a clear hidden divergence with MACD indicator
The first Target 11000 points, a stoploss we can put above the 11800 points.
I will update the idea
P.s. Look my previous idea
Aalberts has been dealing with a lot of negative prospects (shrinking of industrial economy Germany hit Aalberts), so a cautious approach to entering positions.
However a classic resistance line is seen around 32.46 and the channel line crosses that line exactly at the top of yesterday's candle.
It might push through to the green top channel line.
Daxi In BUY zone
11650 as first target
if SPX does go GARTLEY, then dax will follow to 11700 ( 61.8% fib )
LOOK @ DMI - always turn point when BULL vs BEAR are far away
The fundamental analysis of this is fairly easy. Mergers are good for stocks. Why? Because it usually means increasing profitability. Why? Because it oftentimes leads to reducing inefficiencies and eliminating two teams that could be consolidated into one whether its with commercial banks, foreign exchange desks, etc. This merger would lead to the cutting of...
Negative divergence on dax resulted in sharp drop, then a reboud which is now back up to previous support now turned resistance.
If that resistance holds, theres a good probability the downtrend will resume (and time may reveal a bear market)
Automakers are under pressure. Trump has been alerted by the US Commerce Department that imported cars pose a security threat to the US economy. We wonder what he will do about it. This will inevitably have a negative effect on Japanese and European automakers as vehicle exports play a large role in their respective economies.
Volkswagen AG (VOW)
This stock has...
Hello everyone, this is something special!
Im looking at the chart from HeidelbergerDruck since a few months, because the company is a german one with a some quality handmade machines. They were founded in 1850 and their shares value fell during the 2008-2009 depression to the bottom where it is still. During some late researches they are optimistic that with...
The dax already consulates a long time at the last significant high.
the longer the course consulates, the higher the chances of a breakthrough.
The 200 EMA also serves as support
I'm long at the moment
enjoy the way
Pattern: Rectangle on 4H.
Signal: Scalping within the soft Support - Resistance range (10808 - 10955). Hard range (1077.50 - 10990.50) can be also considered by those who seek maximum profit but on greater risk.
Target: Short TP 10820, Long TP 10940.
without ECB launching new round of QE, huge debt and slow productivity will weigh on the growth prospects in Euro Zoom.
Immigrants, welfare states and liberal leftists, combined together, would end the long term bullish trend of German stock benchmark (dax30).
Folks, this is the beginning of a long, tormenting bear market.
It does not look good for DAX since it broke the trendline from 2009 on the linear scale. (on log scale it was broken earlier).
It was a terrible year for DAX investors since it fell from its ATH @13577 to 10719 (8th Dec). Now its officially more than 20% this year, and the sentiment is very bearish. Only 6 companies from DAX are still in (+) this...