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Lambert: Buying Dax on dip

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Clive Lambert from FutureTechs is looking to buy the German Dax index on a dip after what he says has been a momentous week in equity markets.

Clive Lambert from FutureTechs is looking to buy the German Dax index on a dip after what he says has been a momentous week in equity markets.

After Monday's lows, equity markets have seen a good recovery. The Dax managed on Thursday to recover through 10220 and hold above there, Lambert says. He will buy on a dip to 10220 with a stop below 10160, looking for the recovery rally to continue. His targets are 10500 and then 10650-670 with a possible return of sellers at the second target “zone.