(02 AUGUST 2019)DAX:Continuation of the rebound.

(02 AUGUST 2019)DAX:Continuation of the rebound.

2 August 2019, 09:23
Jiming Huang
0
52

da

Pivot (invalidation): 12150.00

Our preference

Long positions above 12150.00 with targets at 12355.00 & 12420.00 in extension.

Alternative scenario

Below 12150.00 look for further downside with 12070.00 & 12000.00 as targets.

Comment

A support base at 12150.00 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)