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Dax stays at 12,300 points – bargain buyers stabilize the market

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Dusseldorf The German stock market started the new week almost unchanged. The leading index is slightly up at 12,310 points in the first hour of trading. On Friday, the Frankfurt stock exchange barometer closed almost two percent lower at 12,284 points and set a new low for the year at 12,181 points.

The Dax has thus fallen to its lowest level since November 2020. Jörg Scherer, technical analyst, currently sees a downward trend-confirming price pattern: “The next important support will only come in the form of the October 2020 low at 11,450 points.” At that time, the breakthrough in a corona vaccine triggered a price rally.

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