Embracing German pessimism

The pessimism in Europe is not unwarranted, however the stock market is discounting much.

Around February 26 – March 8, 2022, the DAX equity index triggered a ‘trifecta oversold’ buy signal which bodes well for the longer term investor.

Around the price of 13,200 (similar to today’s level), the DAX registered an Oversold RSI level below 30, traded 2.5 standard deviations below its weekly mean and was below its 200 week moving average.

August 23, 2022

by Rob Zdravevski

rob@karriasset.com.au

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: