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Attention at Daimler AG: Diagonal support and Pin Bar

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DAI.DE: Medium term up move

Correction down to levels of support - both horizontal and diagonal supports

Double bottom and Pin bar, after gap formation: Possible formation Morning Star, with potential for up move, if the next bar goes up above the high of the current bar.

Price is in the buy zone but the long is still risky, as the bar has not closed and the day has not finished. For risk trade it can be bought here, but if the currenty bar closes below 66, it will give us a possible signal for short instead and the long order must be closed.

CCI is below -100, which is showing us, that the short term move is still short, if and when it passes above -100, only then it will give us a signal for long.

When the price passes and closes below 66.00, will mean break below the trend and possible short.

Stefan D. Angelov - Head of Stocks Trading


 Varchev Traders

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