Stock Market Analysis Report 7-12-18...Price On DAX In The Middle Of Nowhere by rollandthomas

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· @rollandthomas ·
$16.59
Stock Market Analysis Report 7-12-18...Price On DAX In The Middle Of Nowhere
<center>![Avatar Trade2.JPG](https://steemitimages.com/DQmdYS9kddtwL5FdPXagGGEyvphp6Tjki6kag7Z5iPUvMWZ/Avatar%20Trade2.JPG)</center>


Europe's largest national economy is that of Germany and ranks fourth globally in nominal GDP.  Thus, I like to keep an eye on the DAX to gauge the Markets in Europe.   The DAX (German stock index)) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.

Monthly Chart (Curve Timeframe) ā€“ monthly supply is at $13450 and monthly demand is at $12000.  Price came into monthly demand back in March and filled a bunch of buy orders.

 ![](https://cdn.steemitimages.com/DQmTyewUNRxj8J8ARXf891kqaqdcudiDeyzui1RUNbWj4ay/image.png)

Weekly Chart (Trend Timeframe) ā€“ the trend is clearly sideways and has been since Aug of 2017.

 ![](https://cdn.steemitimages.com/DQmaMtDrAA6A7MAw6xS6wcTGfkJbQHF9TtzehvNvU6SquMx/image.png)

Daily Chart (Entry) ā€“ the only set-up right now is to wait for price to come back down to the monthly demand zone to go long or wait for price to get to the $13200-$13400 to go short where the sellers are waiting.

![](https://cdn.steemitimages.com/DQmYtYMjBu7tdutgqbKtBTpCzpiFUFDtDJ9WrFHeLMVPidU/image.png)


This post is my personal opinion. Iā€™m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

![upvote banner3.gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/upvote%20banner3.gif)

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@guard ·
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@arcange ·
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@wstanley226 ·
Good rule of thumb.  German companies are super strong.
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@sunnyraj1 ·
we can go here for more info..
https://www.marketwatch.com/tools/marketsummary?region=europe
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