{"id":12461,"date":"2012-06-25T14:00:00","date_gmt":"2012-06-25T14:00:00","guid":{"rendered":"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.ch\/home\/vl27cm72\/etfworld.ch\/wp\/index.php\/2012\/06\/25\/technical-analysis-dax-30-index-prices-are-falling-away-from-the-strong-resistance\/"},"modified":"2012-06-25T14:00:00","modified_gmt":"2012-06-25T14:00:00","slug":"technical-analysis-dax-30-index-prices-are-falling-away-from-the-strong-resistance","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/ch\/technical-analysis-dax-30-index-prices-are-falling-away-from-the-strong-resistance\/","title":{"rendered":"Technical Analysis: DAX 30 index : Prices are falling away from the strong resistance"},"content":{"rendered":"

Technical Commentary :
<\/strong>The DAX 30 index is composed of the 30 largest German stocks. Those companies are the most actively negotiated on the Frankfurt stock exchange..<\/span>..<\/p>\n

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Day By Day – Indipendent Research<\/p>\n

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The index was following a bullish trend within an ascending channel since September 2011. Prices recently exited from this pattern, breaking out below the lower threshold: the bullish dynamic is interrupted and a consolidation phase should now take place. We are neutral in the medium term.
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\"25062012\"<\/p>\n


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Anticipation\u00a0 : <\/strong> <\/p>\n

On the short term side, a recovery movement brought prices back to a strong resistance, combining the 6451 points horizontal level, the lower threshold of the medium term channel as well as the 50-day moving average(dynamic resistance). The reaction on this obstacle happens to be strongly bearish as shown by the opening of a gap. The most probable scenario is now a drop of the index towards the 6080 points support. We are negative in the short term and we set the invalidation threshold of this scenario slightly above the 6451 points resistance.
\u00a0<\/strong><\/div>\n\n\n\n\n\n\n\n\n\n\n
Close price<\/td>\n6263.25<\/td>\n<\/tr>\n
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\n<\/td>\n<\/tr>\n
2 months Opinion<\/td>\nNEUTRAL<\/td>\n<\/tr>\n
2 weeks Opinion<\/td>\nNEGATIVE<\/td>\n<\/tr>\n
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\n<\/td>\n<\/tr>\n
Resistances<\/td>\n6451 \/ 6660 pts<\/td>\n<\/tr>\n
Supports<\/td>\n6224 \/ 6080 pts
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Follow-up Analysys:<\/strong> On June 18th, we recommended the purchase of the Stoxx Europe 600 Travel & Leisure. Since then, the anticipated bullish impulse happened and prices reached our target at 123.90\u20ac, a performance \u00e0 2.3%.
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\u00a0 \u00a0<\/strong>\u00a0<\/strong>DISCLAIMER<\/strong> <\/p>\n

This publication is solely intended as information and does not constitute any investment advice or an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any transaction. Althoughthis publicationis issued in good faith, no representation or warranty, express or implied, is or willbe made and no responsibility or liability is or willbe accepted by NYSE Euronext or by any of its officers, employees or agents in relation to the accuracy or completeness of this publicationand any such liability is expressly disclaimed.No information set out or referred to in this publicationshall form the basis of any contract. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by NYSE Euronext\u2019s subsidiaries shall depend solely on the applicable rules of the market operator. NYSE Euronext encourages you to reach your own opinion as to whether investments are appropriate or relevant and recommends you not to make any decisions on the basis of the information contained in this publication before checking it, as you will bear full responsibility for any use that you make of it. Persons wishingto trade products available on NYSE Euronextmarkets or wishingto offer such products to third parties are advised, before doing so, to check their legal and regulatory position in the relevant territory and to understand the related risks. All proprietary rights and interest in or connected with this publicationare vested in NYSE Euronext.No part of it may be redistributed or reproduced in any form or by any means or used to make any derivative work (such as translation, transformation, or adaptation) without the prior written permission of NYSE Euronext. NYSE Euronext refers to NYSE Euronext and its affiliates and references to NYSE Euronext in this publication include each and any such company as the context dictates. NYSE EuronextSM, Euronext\u00ae, trackers\u00ae, are registered marks of NYSE Euronext.<\/p>\n

Source: ETFWorld – Day By Day – Indipendent Research<\/p>\n

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\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Technical Commentary : The DAX 30 index is composed of the 30 largest German stocks. Those companies are the most actively negotiated on the Frankfurt stock exchange….<\/p>\n","protected":false},"author":1,"featured_media":15364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[27],"tags":[],"class_list":["post-12461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-anlagestrategie-etf"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/posts\/12461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/comments?post=12461"}],"version-history":[{"count":0,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/posts\/12461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/media\/15364"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/media?parent=12461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/categories?post=12461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/tags?post=12461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}