Markets

DAX – The bears speak up – columns

Thursday,
December 3rd, 2020
11:26

from onemarkets blog

| Views: 506

Unsurprisingly, the DAX® did not get anything to the north yesterday and received the receipt for it this morning: After an uninspired opening, it went down one floor below 13,250 points in the morning.

A short-term downward trend has emerged in the hourly chart of the German benchmark index. As long as this trend line AND the horizontal resistance of 13,300 points cannot be quickly regained, the path of least resistance is clearly southward in the short term from a chart technical point of view. The next target price on the bottom would be in the range 13,130 to 13,150 points, then potentially the area around 13,050 points.

Only when the hour ends north of the 13,300 mark brings the bulls back into the game for a short time, in which case a fast rally towards 13,500 points would be possible.

DAX® in points hourly chart; 1 candle = 1 hour (logical candle chart display)

old

Observation period: November 18, 2020 – December 3, 2020. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

DAX® in points monthly chart; 1 candle = 1 month (logical candle chart display)

old

Observation period: December 1st, 2015 – December 3rd, 2020. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

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Turbo Bull on DAX® Index for speculation on an increase in the index

Underlying WKN Selling price in EUR Base price / knock-out in pts. lever last valuation day
DAX® index HR2R6V 38.32 9,425 3.46 December 15, 2020
DAX® index HR1LYP 28.10 10,450 4.70 December 15, 2020
Source: HypoVereinsbank onemarkets; December 3, 2020; 10:57 am
Turbo Bear on DAX® Index for speculation on a price loss of the index
Underlying WKN Selling price in EUR Base price / knock-out in pts. lever last valuation day
DAX® index HR3D4F
25.07 15,725 5.28 December 15, 2020
DAX® index HR1Z94 14.07 14,625 9.42 December 15, 2020
Source: HypoVereinsbank onemarkets; December 3, 2020; 10:57 am
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The article DAX – The Bears speak up first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

In the onemarkets blog, experts from HypoVereinsbank onemarkets and technical analysts from GodmodeTrader will tell you what will move the markets before the stock market starts. During the day, the editors keep an eye on the DAX, Dow & Co. for you and show you how you can benefit from the ups and downs with leverage products.
http://blog.onemarkets.de

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