Investment Idea
Advertisement

DAX triggers weakness

Tradingportalen
13 Feb 2018 | 1 min read
Netflix_Header

Last week German DAX triggered weakness when the index during volatile movements broke long-term technical support. Previously a number of short-term technical weakness was triggered, but this time long-term technical support was broken. In case DAX starts finding ground below support area right below 12 000, the index might be about to show further weakness up ahead. Potential bottom formation could develop, where the index would bounce back and potentially test resistance at 12 750-12 800.

Tags: