Review
After the low on 29.09. at 11863 points, the Dax has since fallen again by
at times over 9% and thus rose to 12931 points. A first strong
upward movement on 03. and 04.10. was offset by a slight correction up to the
13.10. to 12000 points interrupted. Although the subsequent further
rise over the last few days at the 50-day moving average weakened somewhat, the
However, higher lows can be interpreted as a bullish sign.
Current
With yesterday’s rise of 0.92% so far, the share price has also come out of a
Upward channel broken out. Should the share price exceed the 50-day moving average at approx.
12850 points overcome, the opportunity for further increases would present itself,
possibly to the 200-day moving average, which is currently at 13579 points.
Otherwise, the upward channel could also turn out to be a bearflag,
provided that the price would return to the channel and break out to the downside.
Then, further price losses would be possible until the next support at approx. 11500
Points likely.
