DAX: Monthly support held. Expecting strong bullish leg.

By InvestingScope
DAX has nearly met the support of the very long term 1M Channel Up (MACD = 230.800, RSI = 44.082) and has most likely made its Higher Low. If that doesn't break, then the index should aim for 14,400 within the next 18 - 24 months. Our TP for the short/ medium term remains 12,000 & 12,100 in extension.
Chart PatternsDAX Indexdax30GER30 CFDgermanindexgermanstocksindexTechnical IndicatorsStocksTrend Analysisxetraxetradax
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