Dax closes slightly in the red – 200-day line is contested

Dax closes slightly in the red – 200-day line is contested

Düsseldorf For the first time since the start of the Ukraine war, the leading German index has exceeded the 200-day line on a sustained basis. The leading index closed yesterday, Tuesday, at 13,688 points, plus 1.2 percent, well above this line. Prices were mostly above that on Wednesday as well.

Nevertheless, this brand was highly competitive in the course of trading. A decision as to whether this mark has finally been overcome is still pending. At the close of trading, the Dax was down 0.2 percent at 13,666 points – and thus not far from the 200-day line, which is 13,618 points.

Not only many investors base their investment decisions on this important line, but also many technical trading systems. Therefore, a sustained breach of the 200-day line could still entail some follow-up purchases. Because this mark is considered the most important indicator for the transition from a bear market rally to a sustainable trend reversal. The next stop on the upside is the August high of 13,948 points.

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