Frankfurt After the minus of 3.4 percent in the past trading week, many investors are asking themselves: is the setback enough to attract buyers? Or are those willing to buy waiting for even lower prices?
According to the first hour of trading, the answer seems to be that the down move is not over yet. At 15,550 points, the Dax is 0.3 points lower than the closing price last Friday.
A look at the Dax chart shows a fragile situation. On Friday, the index slipped to 15,456 points, its lowest level since the end of March 2023. At the same time, a range in which the Dax had been moving for three months was dissolved: this ranged from 15,700 points on the bottom to 16,400 points on the top . What is striking is that this slip happened quickly, which is considered a sign of weakness.
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