Embracing German pessimism

August 23, 2022 Leave a comment

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

Filed under Finance & Investment Tagged with , , ,

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