Dusseldorf For the first time since the start of the Ukraine war, the leading German index has exceeded the 200-day line on a sustained basis. The leading index closed yesterday, Tuesday, at 13,688 points, plus 1.2 percent, well above this line. The opening prices were also higher.
But in the course of trading, this brand is highly competitive. The Dax is currently trading above the 200-day line, which is 13,618 points, with a minus of 0.5 percent and a level of 13,622 points. At the daily low of 13,577 points, things looked different.
Not only many investors base their investment decisions on this important line, but also many technical trading systems. Therefore, a sustained breach of the 200-day line could still entail some follow-up purchases. Because this mark is considered the most important indicator for the transition from a bear market rally to a sustainable trend reversal. The next stop on the upside is the August high of 13,948 points.
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