Dusseldorf The German stock market is clearly up at the start of the week. The Dax rose in the afternoon by 2.1 percent to 13,360 points, an increase of 270 points. The leading index has gained more than 700 points since the low point on Monday of the last trading week and is now establishing itself above the important 13,000 point mark.
This area has already been a key support over the past few months as new buying has started there. And when the Dax then slipped below this mark, it was a resistance, a mark that was sold again.
But how far can this Dax recovery go? According to chart technology, a price increase of another 400 points is likely, so the area around 13,500 would be the next resistance. Prices above 14,000 points would be a big surprise. For a variety of reasons, that would be a first clear sign of a sustained trend reversal.
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