Dax is giving up profits again – but investor sentiment believes the year-end rally is still possible

Dax curve

The leading German index has already reached several new record highs this year.

(Photo: Bloomberg Creative / Getty Images [M])

Dusseldorf After five losing days in a row, the Dax went back on a recovery course, but gave up its profits again in the course of trading. On Thursday afternoon, the leading German index was unchanged at 15,869 points. Yesterday, Wednesday, he lost 0.4 percent to 15,878 points. Today’s trading day is quiet because the US stock exchanges have closed for Thanksgiving.

Despite the price gains, the following applies: According to a technical analysis, the situation on the German stock market will only relax once the Dax has sustained over the 16,000 point mark again. But there are increasing signs that at least an end to the consolidation is imminent.

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