MaryJane
Long

Commerzbank reached interesting action point

FWB:CBK   COMMERZBANK AG
251 2 26
Today there are rumours in the market that Deutsche Bank would be interested in Buying Commerzbank - so the stock is strong bullish today.
The very poor longterm Chart is bearish . Earlier this year we dipped deep down to 6,3€, consolidated a bit up to 8,6€ and then reassumed the downtrend. In july this supportlevel at 6,3 was tested again, but the first buyingwave could not last, we have seen a bo through this Level down to 5,13€. Today we have reached this interesting nioveau again -for me it is a clear Action Point where a decision has to be made.
Furthermore you can see a bullish wedge . . If this patttern would be activated, Prices round about 8,25€ can be exspected.
Watch the RSI , he signs an upcoming overbought Situation - the BBs also were hitted.

resists: 6,4/7.11/7,85/8,3/8,58
supports:6,02/5,9/5,63/5,13
Comment:
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Comment:
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Comment: Adios amigos! :-)
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Comment: bye... :-)
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Comment: Turnaround ahead?
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Trade active: i forgot to mentiron that runnding trade :-9
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Trade closed: target reached: Salut!
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thank you
Reply
Thank you Mary! It a good buy and I think DB is a huge buy too. Don't mind the rumors it's a speculation sentiment.
Reply
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