Dax successfully tests uptrend – The three scenarios of ongoing consolidation

Dusseldorf On the German stock market, the Dax has so far successfully tested its eight-week upward trend. The Dax is up 0.2 percent at midday and is trading at 14,410 points. On Monday there was still a minus of 1.1 percent with a final score of 14,383 points.

With yesterday’s losses, the leading German index started a consolidation, the exact end of which, like everything else on the stock exchange, is uncertain. The decision will probably already be made this trading week: will there only be the third “mini-consolidation” since the beginning of November, or should investors expect more significant price losses?

According to investor sentiment, this setback should not last long. For the sentiment expert Stephan Heibel, according to the evaluation of the Handelsblatt survey Dax-Sentiment, the rally remains intact. In the opinion of the behavioral economist Joachim Goldberg, the many pessimists among institutional investors should give the Dax support again at the latest in the range of 13,900 and 13,950 points.

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