Trevor Neal Posted May 8, 2020 Share Posted May 8, 2020 What is the realistic target for the DAX Index in the upcoming week? Quote Link to comment Share on other sites More sharing options...
0 James Byrnes Posted May 9, 2020 Share Posted May 9, 2020 Hi Trevor, thank you for coming here and trusting our assessment. The DAX Index gained 1.34% yesterday, in addition to gains of 1.44% on Thursday. These gains were somehow surprising given the results of surveys and studies in Germany showing a significant drop in the consumption and business activity expected for this quarter and year in general. Technically, the price action failed to clear the 11,200 mark last week, almost touching the major horizontal resistance near the 11,300 handle. Hence, I suspect the buyers will be targeting this resistance again given the strong weekly close above 10,900. Looking higher, a break of 11,300 resistance level would pave the road for a trip to 12,000, home to the 100-DMA and 200-DMA. Quote Link to comment Share on other sites More sharing options...
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Trevor Neal
What is the realistic target for the DAX Index in the upcoming week?
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