Dax-chart technique: If the Index ceases 13.722, waiting for next support at 13.647

The stock markets remain in thrall to the developments of the Coronavirus epidemic. The example of Apple to show that there is impact on business processes, oth

Dax-chart technique: If the Index ceases 13.722, waiting for next support at 13.647

The stock markets remain in thrall to the developments of the Coronavirus epidemic. The example of Apple to show that there is impact on business processes, other companies have already reported gaps in the supply chains, so the experts of the Landesbank Hessen-Thüringen (Helaba).

the Extent to which the developments in the balance sheets are reflected, may show the Figures for the first quarter already. Helaba holds in its daily comment that the risk aversion, measured on the Basis of the V-Dax, declined from 15,47 to 14.64.

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The Dax from Monday to Tuesday opened a price gap (common cap) was yesterday closed again. The associated significance, however, is relatively low, as it is in this type of Gap is common. In addition, it has changed in the basic assessment of the German Leitindexes hardly anything. The long-criticized weak Momentum, the overall weak trend intensity (the ADX has only a value of 12,61 on the day and 10,76 on a weekly basis), and negative divergences warn in the short term, from a technical point of view, for caution. This Thesis is also underpinned by existing structural weaknesses in the Dax and, even though yesterday, at least seven titles new year or multi-year highs marked. Once more, the structure of the projection booth last updated at 13.722 meters in focus. Trade signal, Helaba's benchmark index, the Dax

What is the effect of this emanates illustrates the increasing accumulation of Dojis which are increasingly created in its vicinity. The Dax should slide below this Support, can be found at 13.647 meters further support. On the upper side of the Resistors can be derived to define projections at 13.795, 13.881, and of 13,918 points.

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Date Of Update: 20 February 2020, 13:00
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