Wednesday, May 28, 2014

DAX Germany Daily Chart New All-Time Record Highs Channel Breakout

Germany's market is at new record highs as well as the US. The DAX prints a new all-time record intraday high at 9951.90 and a new all-time closing high at 9940.82. Germany trades higher as this is typed. Price breaks out of the sideways brown channel and will need to back kiss the upper rail, and fill that big gap there, at some point forward. The red lines show negative divergence across the weekly  and monthly time frame but in the VST, the bulls create momo and the RSI and MACD line want to see higher highs, and today is printing a higher high. Ukraine, schmoocraine. The conflict has no effect on Germany's stock market. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.