In terms of charts, the Infineon share is an exciting starting point. In the last few days, the DAX-listed share of the semiconductor company has achieved a potential top in the 24.12 / 24.26 euro range. This shows a resistance level that has been tested several times and which was too high a hurdle for the Infineon share yesterday. During the course of the day, the share price of the southern German company climbed to 24.165 euros, but only dropped out of XETRA trading at 23.96 euros and 3.88 percent. Current indications on Thursday morning for the DAX value are quoted at 23.91 / 24.03 euros and thus remain close to the newly formed technical chart hurdle, which could trigger a downward turn after the latest price gains.
However, if the breakout over this area succeeds, the multi-year high from 2017/2018 of 25.44 / 25.76 euros could become the next target for Infineon’s share price. It gets tricky when the Infineon share falls below the two most recent daily lows in the area of 22.495 / 22.50 euros. This could be the technical “trigger”, which at least ensures a short-term downward movement in the DAX stock. However, this would already hit the EMA 50 as a potential support level at 22.185 euros, the lower Bollinger band at 21.676 euros is also not far – both with an upward trend currently. Nonetheless, the first sell signals could fuel trend reversal speculation, which calls for caution.