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Due to this the psychological level at 10,000 is now in the focus of the investors.
For a continuation of the current recovery the German stock market should close significantly above the mentioned price level. But this does not mean the end of the bottom-building phase. The lower trend line of the downward trend channel at 10,150 would be the next resistance.
In the case of a return in the trend channel the psychological level at 11,000 would be the technical target price.
The lower trend channel line at 10,150 is a heavy resistance. Therefore a correction is possible. The DAX could test the midterm upward trend line at 9.870. This trend line was recovered the day before yesterday.