Trade of the week: long DAX 40
Since the DAX 40 index seems to have resumed its medium-term uptrend, we would like to go long with a stop loss below last week’s low at 17,790 and an upside target between 18,500 and 18,600.
(AI Video Summary)
Previous Dow Jones trading outcome
This week's "Trade of the week" financial insight focuses on strategic movements in the stock market as of 29 April, 2024. The highlight is on advising investors holding positions in the Dow Jones, with IG analyst Axel Rudolph suggesting an adjustment of the stop loss from below the April low to just under the previous week's low at 37,235, aiming for a potential rise towards 39,000.
This week's trading opportunity
Furthermore, the DAX 40 index has presented an opportunity for a long position following a bullish signal, with a suggested stop loss at last week's low of 17,790 and targeting gains between 18,500 to 18,600. These insights are critical for investors looking to maximise their portfolios through tactical adjustments and timely entries in both the Dow Jones and DAX 40 indices.
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