Recovery rally on the Dax puts short sellers under pressure

Dusseldorf The German stock market continued its recent upward trend on Tuesday. In the late morning, the leading index Dax was up 2.7 percent or almost 327 points and climbed above the 12,500 point mark. The daily high is 12,546 points. After the Frankfurt stock exchange barometer had reached a new low for the year last Wednesday, it has already gained more than 600 points.

Bargain hunters made the start on Friday and Monday, using the meanwhile more favorable valuations to make purchases. This puts other potential buyers under pressure, who are now faced with the decision to buy or to speculate on another setback – combined with the risk of having to pay even higher entry prices if this setback does not occur.

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