Add half as close to the bottom of the flag and another half position when the flag breaks. Targets 12970, 14200. Stop loss if price pierce bottom of flag line on a daily close.
Don't fall in love with the long side
Currently watching and waiting for buy clues around the 5800 area. If support in that area holds it could indicate a move higher to challenge 6600 again.
Looks like a 2.5% downside target before we reach support.
After 83 month low on the German PMI Composite the DAX is technically positioned to shed a few percent.
Sappi broke a defined channel to the upside last week, followed by a fake out and break back into the channel. It is important to take notice of fake outs like this because it usually results in a selloff as a result of trapped longs positions. People buy the breakout in anticipation of a good move upwards (many times with leveraged positions) and when the share...
....comes fast moves. Trend break and then a fake out. Fake out created some momentum down. PRX & NPN sell off continuing. Weak hands selling after IPO. Normal run of the mill stuff with new IPO's.
Breakout targets would be 4900, 5500. Wait for the breakout on the daily chart.
More bullishness possible until we reach the top of a multi month channel.....?
Two targets 13815 & 14370
Still going strong with a target of 10750 looking likely. Daily close below 9000 will trigger a stop loss.
If bulls can maintain momentum above 6600, 7650 could become a target.
Upside target indicated on chart
A break in the uptrend at 12700 could give a short trigger for targets 12000 & 11500. Wait for the break
Waiting for a break.
Could be building a bear flag for more downside. No position here. Just watching.
Neckline break will give us a target at the bottom of the range