Frankfurt The leading German index is treading water on Wednesday after a weak week so far. The leading index was trading at 16,144 points in midday, up 0.2 percent on the previous day’s close.
After the big expiry date last Friday, the course of the week so far at the Dax has been characterized by a small, so far healthy breather. However, the short-term trip to a new record high of 16,427 points with a subsequent setback also shows how difficult it is to overcome the area around the former high for the year.
The mark of around 16,300 meters has already been unsuccessfully tested four times since the end of 2021. In all cases, the price was below this mark again the following day, so it was not sustainable.
Accordingly, for Jörg Scherer, head of technical analysis at HSBC Germany, this area is the “ultimate cover” which, if successful, has high upside potential.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further