Entertainment Trading Idea: DAX - Long-term price target if the price continues to slide
Fernando Tatis Jr. breaks out, Padres tee off with five homers to force decisive Game 3 vs. Cardinals
After struggling with runners in scoring position and facing the possibility of being swept, the Padres finally awoke from their hitting slumber.SAN DIEGO — It’s nearly two hours after the game Thursday, and even though the stands are empty at Petco Park, the city streets of San Diego are jumping – cars honking, horns tooting, and shouts of elation reverberating from the Gaslamp Quarter.
The DAX has come under heavy pressure this week and has broken down the month-long sideways movement. The day before, the long-term support line indicated a possible turning point for the DAX. But what is a possible long-term price target in the event of another price slide?Analysis:
So far, the long-term support line has held in the area of 11,400 points. Theturned up again and again in the previous days in the area of 11,450 points. Today's high for the day has so far reached 11,614 points. However, should the DAX break below this long-term support at 11,400 points, the long-term situation would deteriorate enormously.
Dusty Baker claims Astros ignoring matchup with whistleblower Mike Fiers: 'Haven't heard his name all year'
The former Astros starter and 2017 champion was the whistleblower who brought to light the Astros' sign-stealing scheme.Mike Fiers has been out of mind all season, insists Houston Astros manager Dusty Baker. Starting Monday, he'll no longer be out of sight.
In the large picture, the DAX in the monthly chart has been in a large, rising trend channel since 2000. The limitations of this trend channel have been confirmed again and again over the past 20 years. Should there be a sustained breakthrough below the 11,400 point mark, a return in the DAX to the lower limit of this long-term trend channel at currently around 8,000 points should be expected. This target would also be slightly below the corona crash low of 8,255 points, which would confirm the overall downtrend.conclusion:
investors could speculate on a long-term bear market in the event of a further slide in the DAX below the 11,400 point mark. A short position with an Open End Turbo Bear (KB9H0F) from Citibank is then an option. The long-term price target in the coming months is then in the area of the lower limit of the long-term trend channel in the monthly chart around currently 8,000 points. The stop could be placed just above the support line at 11,650.
• Underlying: DAX (ISIN: DE0008469008)
• Product type: Open End Turbo Bear
• Issuer: Citibank
• ISIN / WKN leverage product:
• Term: Open End
• Price K.-o.-Put (Date): 4.36 € / 4.37 € (10/30/2020, 4:06 p.m.)
• Base price variable: 11,898.49 points
• Knock-out threshold: 11,898.49 points
• Leverage: 25, 60
? • Distance to knock-out: 3.49%
• Stop loss put: 2.47 €
• Target long: 38.97 € (+ 896.00%)
Simulated World Series: Julio Urias untouchable as Dodgers push Rays to the brink .
Left-hander Julio Urias hurls a three-hit shutout and Corey Seager homers again as the Los Angeles Dodgers blank the Tampa Bay Rays to take a 3-1 Sim Series lead.Game 4: Los Angeles Dodgers vs.