Instrument: DE30
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above 14004.3 with a take profit at 14051.9
Bearish Preference:
A sell position is envisaged if price trades below price 13816.7 with take profit at price 13758.5
Fundamentals:
No major fundamentals
Comment: Stocks plunged on Friday, as investors continued to sell tech shares that have rallied throughout the COVID-19 pandemic and rotate into cyclical stocks likely to benefit from the economy reopening.
Analysis: SCRUM Team