Technical Analysis for The German DAX Stock.

The German DAX stock faced a drop by 50 points; due to a fall in the German IFO Business Climate Index data, which appeared to be less than the expected data by 0.2 pt. In addition, there is tension and increased market fears due to the crisis of the Chinese Evergrande Real Estate Group. Therefore, if the stock is affected by these unstable conditions, it is expected to break the first support line 15500 and reach the second support line 15430, then the third support line 15293, on the other hand, if the Government of China intervenes to solve the Evergrande crisis, the stock will rise to break through the first resistance line 15570 and reach the second resistance line 15658, then the third resistance line 15682