Deutsche Bank AGShort
Did German locomotive stopped?
Deutsche Bank can draw down even lower. Against the background of vague policies of the European Central Bank, the Bank of Germany ducked under boundary of the global triangle, formed after the crisis of 2008. Break of the level of 31 opens the way to the base of the triangle in the area close to 20. Current or next week will become crucial, now the bank goes back to the broken boundary of the triangle. Movement stop is a signal to short, movement stock of 30% of share price is quite enough for investors. However, return of the shares in the boundary of triangle will mean a false break of the pattern. In this case, it will be appropriate to buy with the target at 43, which is upper boundary of the triangle. Everything will be solved soon.
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