Finally falling trend ended. 2 options : Cup and handle target is confirmed and ready to go to TP1, 12.95. Fibonacci says we'll go to TP2, 14.40 SL : 6.7
Dear People! In my opinion the uber GER30 will go down more because of the broken channel. I have entered some positions at the break of the channel, I will hold these trades till the take profit is hit! I think you can still enter to catch some extra CA$$$$H, but that's on your own risk! I will probably forget to update this idea but maybe not :) Kind...
as you can realize in the price chart, it seems the Deutsche bank descending trend apparently coming to the end. I think the German government will take care of them and it is going to power up again. look for a price stabilization price action to invest in it for a 3-5 year investment.
We have a standard falling wedge pattern like on BTC/USD chart. Also we have a strong divergence with MACD indicator and volume rising. The stock after a great fall and now is located near its bottom. LONG TERM TRADE(month chart). And the first target is x2 of it price => 20$. I will update the idea. Good Luck!
With volatility coming back and with the VIX seriously threatening with a "fear spike", I am now looking at Deutsche Bank DBK . It seems like it could fail, which would agree with the DAX wave count and the overall Market Crash pattern. Could this be the next Banking Crisis ?
This stock came into my radar when banks started tanking and V has been consistently outperforming the market SPY and dishing out great earnings. We have a nice trend NEVER have we taken out significant support . But I don't have trade location so I won't go long any time soon. the price action looks like weak holders can easily be shaken out causing volatility...
Looking to short the stock in case of a close below 17 Euro. Target at 13.27 which is equal to .618 Fib retrace. Stop loss above 18.75
DEUTCHE BANK DIDN'T BOUNCE MUCH AFTER 2007 CRISIS. It may do some reverse spilt like CITIBANK IN 2008-9 to prop up the share price and may some government bailout but in long term it will suffer a lot. All the hedge fund managers are piling up short position and share price may tumble below $4 soon. Upper limit resistance is around $20 for any upside bounce. The...