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Investment Recommendations April 21st

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Investment Recommendations April 21st

Introduction

This article was posted on Friday, 16:03, UTC.

DAX: Short-Term Buy   DAX, 4-Hour Chart Analysis The German index has held up above the 12,000 level despite the selling pressure this week, although it slid out of the rising long-term trend channel. The bullish cross on the MACD indicator suggests a reversal, and a positive outcome on the French election could propel the benchmark back in the channel. The outperformance of the NASDAQ (see daily analysis) suggests a test of the prior highs, while the recent lows provide an optimal stop-loss level in the case of another leg lower. Further support levels for longer-term positions are found near…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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