Dax Holding below 13170 meets first support at 13110/100

Jason Sen DayTradeIdeas.co.uk

Dax Holding below 13170 meets first support at 13110/100. Downside is expected to be limited but further losses target 13050. Next target is 12990/980.

Holding above 13190 allows a recovery towards 13280/290. Bulls remain in control despite overbought conditions so a break above 13300 can be taken as a buy signal. Gains are likely to be slow but we can target 13370 & 13395/400. On a break above 13420 look for 13490/499.

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Jason Sen

DayTradeIdeas.co.uk

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