Dusseldorf The German stock market continues to rise at the start of the week. The Dax rose in the morning by 1.4 percent to 13,267 points, an increase of 175 points. The leading index has gained more than 600 points since 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 various reasons, that would be the first clear sign of a sustainable trend reversal.
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