Yesterday's candle was actually bullish. Long-legged candles signal reversals, even if the intraday selloff may have suggested otherwise. The key message: breakout levels ~10490 were tested (violated), but held. Index is off to a fresh swing higher, which could target 10860 (late December high) and 10981 (cycle fibo level).
With that in mind, yesterday's mini...
Our favorite European Index, the German DAX, escaped the bear market in early August, when it rebounded swiftly after initially rejecting mega-resistance at 10475-485, which it then took out very aggressively. This Monday sent a bearish shooting star candle on overbought conditions, calling for a healthy pullback. As securities often do, they retrace back to...
The leaders of growth among the DAX0.69% 30 index components on the basis of today's trading were the shares of Deutsche Bank AG-1.21% (DE: DBKGn), which went up by 0380 n . ( 3.07 % ) , closing at 12755 . Quotes Adidas AG (DE: ADSGN) increased by 3,750 n . ( 2.53 % ) , ending trading at 152250 . Shares of Commerzbank AG (DE: CBKG) rose at 0116 n . ( 2.05 % ) ,...
Three-week winning streak pushed Germany’s DAX index briefly above the larger falling trend line earlier today before prices fell back to 10,300 levels.
The falling trend line hurdle stays intact at 10,415 levels.
The daily macd has started losing height, but still well above zero level. Prices could remain stuck between daily 5-MA and falling trend line...
