Technical Analysis – German share index rallies for second day but still stuck in bear territory
Posted on August 26, 2015 at 2:25 pm GMTThe German share index was gaining momentum during the day as it recovers from the 8-month low it set on August 24. Prices have met resistance around 10180 for a second day as the index looks to reclaim the 50% of the Fibonacci retracement level at 10389. Further upward momentum is needed to break above the 38.2% Fibonacci retracement level of the October 2014-April 2015 upleg at 10870, which would take it closer to the 200-day moving average. RSI and [..]