GER_30 Set For More Losses

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With bourses in decline over profit-taking and the possible pandemic threat of the coronavirus, we see a long-term sell opportunity for GER_30.

We’d like to sell the German DAX at the break of current major support. Should the stock markets head lower again, the DAX may point to further weakening as the index has not been able to regain any traction. We set our sell stop at 12950 with SL at 13450 and open TP.

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