The Germany 40 (DAX) continues its impressive rally, climbing to 23,378.7, up 0.60% on the session. The 50-day SMA (21,954.8) remains firmly below price action, signaling sustained bullish momentum, while the 200-day SMA (19,713.1) provides a solid long-term support base.
Momentum indicators support the uptrend:
✅ MACD remains in bullish territory, showing sustained strength.
✅ RSI at 64.04 suggests the index is trending strongly but isn’t overbought yet.
Key Levels to Watch:
📌 Support: 22,800 (recent pullback level), 21,950 (50-day SMA)
📌 Resistance: 23,600 (psychological level), 24,000 (round number target)
As long as 23,000 holds as support, bulls may push for 24,000+ in the near term. A drop below 22,800 could signal a deeper pullback.
-MW
Momentum indicators support the uptrend:
✅ MACD remains in bullish territory, showing sustained strength.
✅ RSI at 64.04 suggests the index is trending strongly but isn’t overbought yet.
Key Levels to Watch:
📌 Support: 22,800 (recent pullback level), 21,950 (50-day SMA)
📌 Resistance: 23,600 (psychological level), 24,000 (round number target)
As long as 23,000 holds as support, bulls may push for 24,000+ in the near term. A drop below 22,800 could signal a deeper pullback.
-MW
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.