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, DAX – That was a really bad foul, Forex-News, Forex-News
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DAX – That was a really bad foul

4
, DAX – That was a really bad foul, Forex-News, Forex-News


, DAX – That was a really bad foul, Forex-News, Forex-News

The bears were lured into a very nasty trap yesterday in the German share index. Now the bulls have the chance of a new all-time high.

With a breakout below approx. 15,550 points, there was a risk yesterday that the pendulum in the German share index would swing in favor of the bears. This danger became a reality in the early afternoon and the Dax fell back to 15,477 points. There, however, the buyers put so much pressure on that they were even able to regain 15,600 points per day’s closing price and close to the high from trading.

Off to a new ATH!

After yesterday’s bear trap, there is now an increased chance that the Dax can hit a new all-time high. To take advantage of this opportunity, the bulls have two types of support available today. On the one hand, this would be the price range around 15,600 points, followed by the support zone at around 15,550 points. The less the market takes advantage of this room for correction, the more bullish the chart remains.

However, yesterday’s trading day also impressively demonstrated how quickly the tide can turn, and even the bulls are not entirely immune to that today. Should there be a larger top formation including sustainable prices below 15,550 points, the sellers could already have an advantage again. Larger targets on the bottom would be 15,450 points and later 15,350 points.

Supports

Resistances

15600

15550
15450/350

You can download the market before nine-PDF here.

Type

WKN

Basis / KO

running timeMoney letter
OET BullKE5FX114758.2839Open end8.94 / 8.95
OET BearKE5QHW16101.1928Open end4.81 / 4.82

Note: The approval of the prospectus by the Federal Financial Supervisory Authority (BaFin) is not to be understood as an endorsement of the offered security. Interested investors should read the prospectus before making any investment decision in order to understand the potential risks and rewards of deciding to invest in the security. You are about to acquire a complex product that can be difficult to understand. The issuer is entitled to terminate securities with an open-end term.

Investors in Bechtle shares are currently having a hard time and have to plan for new correction lows.

, DAX – That was a really bad foul, Forex-News, Forex-News

After a relatively sharp correction in February, the buyers of the Bechtle share returned, starting from EUR 151.30. They dominated the share price for weeks, but ultimately failed in the resistance area at EUR 172.30.

As already written, it took the bulls weeks to reach the price level of EUR 172.30. In return, however, three trading days were basically enough to pulverize all the recovery gains and to form a new interim low at EUR 147.45 on May 11th. The recovery that started there came to an end for the time being in the region of 160 EUR and, above all, yesterday the sellers put real pressure back on.

The short and medium-term downward trend in the Bechtle share is intact!

The cops in the Bechtle file are not entirely without a chance, but they are still likely to be at a disadvantage. In both the short and medium term, the trends are pointing downwards. In this context, one could test the large support range from approx. 148 EUR in the next few days or weeks. This lasts up to around 141.50 EUR, although it is even possible to temporarily slide under (stop fishing). If it even comes to a sustained outbreak downwards, there would be a large top formation for the first time in years with corresponding further downside potential. But it’s not that far yet.

At least in the short term, you could provide a positive surprise if the daily closing price was above EUR 160. Then there is the possibility of starting a larger recovery, for example back into the resistance area starting at EUR 170.

Long

Short

Underlying

BechtleBechtle
TypeMini Future LongOE Turbo Bear
WKNKE1CB9KE73F4
Base price in EUR125.6166173.7933
Subscription ratio0.10.1
running timeOpen endOpen end
lever5.467.34
Money letter2.79 / 2.832.07 / 2.11

Note: The approval of the prospectus by the Federal Financial Supervisory Authority (BaFin) is not to be understood as an endorsement of the offered security. Interested investors should read the prospectus before making any investment decision in order to understand the potential risks and rewards of deciding to invest in the security. You are about to acquire a complex product that can be difficult to understand. The issuer is entitled to terminate securities with an open-end term.

After three difficult months, buyers in Renault shares are trying to make a comeback. There are still a few challenges to overcome.

, DAX – That was a really bad foul, Forex-News, Forex-News

With the recent price gains in Renault shares, the buyers have recently succeeded in sending a few smaller bullish signals. This includes, for example, the rise above the downward trend line that has been in charge since March. From a technical point of view, this is a first step towards a new wave of purchases, but more must follow.

How difficult it is for buyers can also be seen in the current trading week. There were short-term sales in the area of ​​the EMA 50. In addition, the chart above quickly shows the next challenge starting at around EUR 35.40. Horizontal resistance awaits the bulls here, which caused a change in sentiment at the beginning of April. At that time, the share was still quoted above this price level before a larger top formation (double high) was completed when it broke down. However, the basic price targets from this bearish reversal formation have already been processed with the current low of EUR 31.45 on May 13th.

The challenges are great, but …

… to master. As part of a medium-term bottoming out, it would be important to gradually leave all the resistance up to around EUR 36.50 behind. Then 39 EUR and then 41.42 EUR and even prices above that could be started.

Efforts in this direction can currently already be recognized. However, you should always expect corrections in the resistance areas shown in the future. Unfortunately, a complete failure of the bulls in the current stabilization attempt cannot be ruled out. With a new low below EUR 31, the risk increases again.

Long

Short

Underlying

RenaultRenault
TypeOE Turbo BullOE Turbo Bear
WKNKE0HFGKE5U0R
Base price in EUR30.569737.2345
Subscription ratio0.10.1
running timeOpen endOpen end
lever8.2812.58
Money letter0.44 / 0.540.24 / 0.34

Note: The approval of the prospectus by the Federal Financial Supervisory Authority (BaFin) is not to be understood as an endorsement of the offered security. Interested investors should read the prospectus before making any investment decision in order to understand the potential risks and rewards of deciding to invest in the security. You are about to acquire a complex product that can be difficult to understand. The issuer is entitled to terminate securities with an open-end term.

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, DAX – That was a really bad foul, Forex-News, Forex-News

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