Markets

DAX – The lethargy is over – columns

Wednesday,
December 09, 2020
12:45

from onemarkets blog

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Following good specifications from Wall Street, the DAX® made a strong leap north on Wednesday morning and left the trading range of the past few days behind.

The ultra-lethargic sideways range of the past trading days should now finally be history. The index rose to a new high in the morning in the area of ​​13,450 points, before profit-taking began in the course of the morning. These could expand further in terms of time and price before the bulls should then tackle a sustained breakout above the recent highs of 13,450 points. Only a setback below 13,300 points brings the bears back into play. Until then, buyers have a good chance of continuing the rally towards 13,500 points – potentially significantly higher.

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

old

Observation period: November 18, 2020 – December 9, 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: 01.12.2015 – 09.12.2020. 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 40.14 9,425 3.34 December 15, 2020
DAX® index HR1LYP 29.90 10,450 4.49 December 15, 2020
Source: HypoVereinsbank onemarkets; 12/9/2020; 11:28 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
23.26 15,725 5.77 December 15, 2020
DAX® index HR1Z94 12.26 14,625 10.95 December 15, 2020
Source: HypoVereinsbank onemarkets; 12/9/2020; 11:28 am
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The contribution DAX – the lethargy is over 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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