Dusseldorf The German stock market picked up strongly at the start of the week. The Dax rose by 314 points on Monday, which corresponds to a total increase of 2.4 percent. The close of 13,402 points is close to the daily high of 13,442 points.
The leading German index has gained almost 800 points since the low point on Monday of the last trading week. The stock market barometer 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 subsequently slipped below this mark, it was a resistance – at this level new sales followed in an upward movement.
How far can this Dax recovery go? According to chart engineering, 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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