Dax remains above the 14,500 point mark – investors should expect profit-taking on “Black Friday”.

Dusseldorf After yesterday’s price jump, the leading German index was able to defend the 14,500 point mark and was almost unchanged at 14,541 points at the end of trading. After yesterday’s price increase, the stock market barometer is taking a breather. The attempt to overcome the high of the 2700-point rally since the end of September with 14,571 points failed.

Next stop on the upside is the 14,700 point mark. On the downside, the weekly low of 14,321 points is significant. As long as the Dax is above this mark, the rally will remain intact from the end of September 2022.

Even before the start of trading, it was clear that investors should take profits into account on today’s “Black Friday”. In addition to the brilliant price increase on Thursday, this is mainly due to seasonal factors, as the technical analyst Jörg Scherer from HSBC Germany calculated.

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