Markets

DAX – last year’s high in sight – columns

Monday,
04/01/2021
10:47

of onemarkets blog

| Views: 323

At the end of the year, the DAX® made a few meters on the upside and climbed to a new high for the year. This level was approached again shortly after the opening, but could not be overcome. Afterwards profit-taking began.

Based on the current price level, both a trend continuation towards 14,000 points and higher and an intermediate correction towards 13,700 points – potentially 13,580 points – are conceivable.

As long as the area is not undercut by 13,550 points at the end of the hour, the buyers clearly keep the better cards in the short term. For a new entry, however, the current price level is not very attractive in terms of opportunity and risk.

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

old

Observation period: 23/11/2020 – 04/01/2021. 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: May 1st, 2016 – January 1st, 2021. 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 HR3LT3 32.60 10,550 4.22 02/26/2021
DAX® index HR3LUN
19.38 11,875 7.13 02/26/2021
Source: HypoVereinsbank onemarkets; 01/04/2021; 10:01 a.m.
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 HR3M6L
19.67 15,725 5.68 02/26/2021
DAX® index HR3LXE 6.44 14,400 21.44 02/26/2021
Source: HypoVereinsbank onemarkets; 01/04/2021; 10:01 a.m.
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The DAX contribution – last year’s high in sight 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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