Little Chance of significant recovery over 11.447 counter

The Dax has recovered on Tuesday temporarily and in High at 11.032 points listed. The all-clear cannot be given, because, ultimately, only a fraction of the sin

Little Chance of significant recovery over 11.447 counter

The Dax has recovered on Tuesday temporarily and in High at 11.032 points listed. The all-clear cannot be given, because, ultimately, only a fraction of the since mid-February suffered course has made losses in the amount of approximately 3.400 points of betting. The numerous Abwärtsgaps, in this time, are a clear sign of panic selling waves, which are observed only in crash times. On Monday, the torn price gap of 10.995 up to 11.447 points is particularly large.

An increase over the striking Low from August last year, 11.266, and a Closing of the gap with rates above 11.447 would brighten the prospects again. After that, it currently looks, because yesterday was achieved in the course of trading, a new Low at 10.423 points, which has held multi-year low in December 2018 in the case of 10.279 but first. The strong oversold market situation increases the likelihood of a recovery, although there is on the part of the oscillators are still not clear. In this respect, it seems premature to set a larger correction.

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Date Of Update: 11 March 2020, 14:00

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