Dominic Picarda’s Daily Pick

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By Dominic Picarda.

DAX 30

The DAX triggered my buying advice yesterday by closing strongly through its 21-hourly EMA. I reiterate my call for a move to 8836. The latest bout of water-treading overnight should therefore be treated as another buying opportunity.

Support: 8725.8 – Resistance: 9000.1

Support: 8700.6 – Resistance: 8938.2

Support: 8641.1 – Resistance: 8835.7

Support: 8600.1 – Resistance: 8800.1

DAY: I’d buy a bounce from around the 13-hourly EMA.

POSITION: Nothing for now.

IGIndex Chart

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