FRA • Fraport AG (FRA.DE) • XETRA LONG TF M30FRA • Fraport AG (FRA.DE) • XETRA LONG TF M30
The trend continues, the nearest support level according to my calculations TP = 46.01
FRA
FRA (Findora) A secret 1000x GEMI've been watching this coin for over a year now and have mapped its progress. I have full confidence in this asset.
FRA40 approaching resistance, potential drop! FRA40 is approaching our first resistance at 4920 (horizontal overlap resistance, 161.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 4740 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our first resistance and we might see a corresponding drop in price.
CAC40: heading to 4673.96? The CAC40 rallied yesterday, after a very bullish gap at the opening.
The trend is currently bullish, falling back to a bearish market is only possible if the benchmark breaches its EMA20 and closes yesterday's bullish gap. The daily objective is 4654, which breaching will send it to 4673.96.
An eventual correction will send it back to 4518 with 4568.19 as a primary objective.
The daily Pivot Point is around 4592.25. The daily support levels are around 4552.66 and 4488.43. The daily resistance levels are around 4656.48 and 4696.07.
CAC 40: falling back below 4387.72?The CAC40 closed in the red, closing yesterday's bullish gap at the opening. The benchmark still has Wednesday's bullish gap to close. It will provide the benchmark with some support.
Cutting through 4387.72 will send the benchmark back to 4332.99, with 4367.95 as a primary objective.
Breaching 4474.27 will suggest a bullish trend with 4564.27 as an objective, and 4526.82 as a primary objective.
The daily Pivot Point is around 4454.27. The daily support levels are around 4380.38 and 4334.23. The daily resistance levels are around 4500.42 and 4574.31.
Cac40: A small candle around 4501...The Cac40 opened with a very bullish trend, which has sent it back a few step away from 4501.44.
If the Cac40 breaches 4472.84, the trend will be bullish with 4517.33 as an objective, and 4501 as a primary objective.
The benchmark will go back to a bearish market with 4352.06 as an objective, and 4387.72 as a primary objective.
The daily Pivot Point is around 4447.69. The daily support levels are around 4420.67 and 4386.05. The daily resistance levels are around 4482.31 and 4509.33.
CAC40: downfall or rebound?The CAC40 closed yesterday in the green, after closing a very bearish gap at the opening. Volatility is increasing, as the bollinger bands are spreading up.
The benchmark will continue its bearish market should it cut through 4325.56, with 4240.82 as an objective, and 4260.56 as a primary objective.
The benchmark will head towards 4465, with 4425 as a primary objective, should it breach 4372.79.
The daily Pivot Point is around 4333.17. The daily support levels are around 4289.13 and 4234.53. The daily resistance levels are around 4387.77 and 4431.81.
DAX: The correction process may continue till April 3rdAt the very moment, DAX is facing a correction. It is still to be considered as a correction unless the index goes beyond 11408. The correction process may well go until 11600 by April 3rd. After that, ECB will continue to spread fresh money in the market, i.e 60 bio € which will by essence boost the equity market.
It is a little time to take some profit from the market, and in particular if we do bare in mind that sice the beginning of the Year DAX took and very sharp upside momentum.
The Kumo Cloud to confirm the correction process but since the Lagging span didn't cross the Kumo Cloud, one may be carefull before taking a sharp decision.
At the moment, DAX is in a 0.238 Fib retracement which by essence is rather a strong support levle because it was a very strong resistance as well.
We do have to see the first opening day next Monday and decide on the future trend.
