Deutsche Bank LongNYSE:DB
Entry - $7.60
Target 1 - $8.30
Target 2 - $9.65
Target 3 - $12
Stop loss - $6.79
DB is at an important Fib level as well as showing Bullish Divergence.
Be aware that this is a contrarian play and a countertrend trade. However, this area has a good chance of being a medium term bottom and we might be catching a trend reversal here which can be very powerful.
I plan on taking a 100 share position and selling calls against it on the way up as we hit important fib levels/moving averages.
Trade at your own risk and remember, this is not financial advice and I am not a financial advisor. Do your own research and due diligence.
