Dax gives in – short sellers increase their quota for Varta shares despite the fall in price

Dusseldorf The German stock market is going down. In the morning, the Dax falls to 13,897 points, a drop of 0.3 percent. Off-exchange prices were already below 13,700 points.

It’s a fairly common development on the stock markets. With a daily high of 14,001 points yesterday, Monday, the leading index did not manage to overcome the round mark as the first resistance on the way up. The closing price was 13,942 points.

As a result of the failure to overcome a mark on the top, the focus on the bottom is now the 200-day line, which is so important for the market at currently 13,567 points. As long as that holds, the ongoing consolidation is still healthy, so the rally is intact. Such a pullback on the line would be down 8 percent, a more usual consolidation.