Dusseldorf The brilliant start to the year on the German stock market is entering its second week: The dax climbed a further 1.3 percent to 14,793 points on Monday afternoon, an increase of 195 points. In the first five trading days, the leading German index gained around five percent or the equivalent of almost 700 points and ended trading on Friday at 14,610 points.
According to Charttechnik, the Dax has overcome its almost two-month sideways market and is now aiming for higher goals. This sideways movement ended with prices above 14,675 points, the previous high of the rally since the end of September.
The new history high is now at 14,812 points. This means that the leading index has already surpassed the first target before today’s stock market launch, the high of 14,709 points for the stock market month of June.