Dusseldorf The German stock market remained in sideways mode for the third day in a row on Wednesday. The Dax was listed at 15,900 points in midday trading, a drop of 0.3 percent.
The trading ranges of the leading German index were already unusually low on Monday and Tuesday at around 60 and 80 points. Stock market turnover was the two weakest of the past three weeks.
For the capital market expert Thomas Altmann from the fund house QC Partners, there is a “sleeping car market”. “Everyone is waiting for new impulses,” he says. Fear of being on the wrong side is currently low.
Dax: Two chart technical brands are in focus
However, the fact remains that such small trading ranges are usually resolved with dynamic price movements, i.e. rapid rises or falls. Two chart technical brands are in focus. On the upside, the record high of 16,290 points, which would quickly take center stage if prices sustained above 16,000 points.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further