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Lambert: Selling the DAX after stellar rise

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Clive Lambert from FuturesTechs is looking to sell the DAX, which has risen as concerns over Greece ease.

The index has rallied over 1000 points, hitting a big level on the chart at 11750, says Lambert. After gapping higher on Thursday, the German index saw some upside rejection, which is why the DAX could see some weakness on Friday, Lambert says.

He wants to sell the DAX as long as it is below 11750 with a stop above Thursday’s high at 11790 and a target at 11571, which would fill the gap created by Thursday’s strong open.