Quite a volatile day for some stocks...
Showing posts with label intraday. Show all posts
Showing posts with label intraday. Show all posts
Thursday, May 3, 2012
Thursday, March 29, 2012
Thursday, December 22, 2011
Dax intraday 22.12.2011
Break and closing above 5898-5900 would make 6024 as a short term target. If we cannot decisively break the declining trend line and fibonacci, the market has to pull back to try another time.
Wednesday, December 21, 2011
Dax intraday 21.12.2011
The previous resistance at 5767 was broken aggressively. Let's see if it will act as a support for now on. Now it is obvious that the ceiling is at the rising trend line near level 5950. The indicators are quite overbought, and yesterday was strong up day. Usually after such a day, we should see see some weakness and condsolidation. If we remain in a short term bullish term, 5844 would be nice level to go long again.
Monday, December 19, 2011
Dax resistance/support
It looks like level 5767 has been acting quite important resistance / support level since for a month. Let's see how Dax can break upside and how it will support after that. If break above, it would be natural to reach 5850 and touch the 1 hour SMA(20), maybe test the 5767 support and then try to reach above 6000.
Short term view: break up to 5850 or pullback to 5720?
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