Dusseldorf For the first time since the beginning of the Ukraine war, the leading German index has exceeded the 200-day moving average. The leading index closed yesterday, Wednesday, 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 listed with a minus of 0.7 percent and a level of 13,597 points just below the 200-day line, which is 13,610 points.
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.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue