The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The upward movement on Wednesday clearly shows how great the influence of technical indicators is on the stock market. Because yesterday, Tuesday, the Dax was able to overcome the 200-day line, which is relevant for many investors and currently stands at 15,613 points. This new situation continues to ensure a friendly mood, because many investors base their investment decisions on this 200-day line.
The Dax rose in the morning by 0.4 percent to 15,680 points. With today’s daily high of 15,715 points, the Frankfurt benchmark has posted a 700-point rally within eight trading days. Yesterday, Monday, the stock market barometer closed at 15,619 points, an increase of one percent.
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