Dax closes in positive territory, consolidating its uptrend

2023-08-29 17:40:00

Dusseldorf The mood on the German stock market remained friendly on Tuesday. The Dax rose by 0.9 percent to 15,930 points by the end of trading. The leading index already rose by one percent on Monday.

The stock market barometer was able to end five of the past six trading days with a plus and has gained more than 400 points since the low of the stock market month August eleven days ago. According to chart technology, the daily high of August 24 with 15,896 points is the first short-term resistance on the way up. There is the highest point of the recovery movement from the monthly low. The 50-day line is just above this at 15,949 points.

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