European Stocks Higher, DAX 30 UP 1.01% AT 13924.4

dax 30

European Stocks Higher, DAX 30 UP 1.01% AT 13924.4

European stock markets surged Monday, boosted by healthy manufacturing data in the region, a semblance of calm in global bond markets and more positive news of Covid-19 vaccines.

European PMI data came in ahead of expectations, climbing to 57.9 in February from 54.8 last month, with the dominant German manufacturing sector expanding at an impressive rate. This suggested that this important sector has weathered the current mobility restrictions throughout the continent in a better shape than the first lockdowns.

On technical fronts DAX 30 RSI stood at 51.55 and currently stock is trading below 20 days MA and above 5 and 50-days Moving Averages. So, BUY position can be taken with following target and stoploss.

TRADE SIGNAL – : DAX 30 – BUY: 13920.6.31, TARGET: 14066.6, STOP LOSS : 13819.50

About Author

Related posts

Hyundai Motor

Hyundai Motor Group names new chief for mobility division

Hyundai Motor Group said on Friday it has formed a new mobility division to launch more service models and named an outsider as its chief following his tenure with global tech giants such as Apple Inc and Microsoft . Song Chang-hyeon will lead the newly established Transportation-as-a-Service (TaaS) division,...

Read More
Stock To Trade

Top 5 Stock To Trade Today 16 April 2021 | Capital Street Fx

1.Facebook: –Ireland’s Data Protection Commission (DPC) said on Wednesday it had launched an inquiry into Facebook Inc (NASDAQ:FB), after a dataset reported to contain personal data relating to some 533 million Facebook users worldwide was made public. Facebook said in a blog post last week that “malicious actors” had...

Read More
Facebook

Ireland launches inquiry into Facebook after reports of data leak

Ireland’s Data Protection Commission (DPC) said on Wednesday it had launched an inquiry into Facebook Inc , after a dataset reported to contain personal data relating to some 533 million Facebook users worldwide was made public. Facebook said in a blog post last week that “malicious actors” had obtained...

Read More

Leave a Reply