Danish bank Trick code: Danish Danskebank is in decline and does not seem to stop 🧐
As you can see, all MA lines are negative and especially MA 200 and that means Danskebank is still in decline. RSI - is oversold and is about to have some new energy, however, it may well continue yet. MACD - is on a downtrend with negative momentum and has plenty of give of yet.
Friday's trading day ended with a red candlestick with good momentum and landed right on the support line (it is not drawn in, but that's where the price is right now) and I do not take that as a positive sign for Monday, but it can also jump up from here, but I do not think so - we'll see. But where is it going? where should it find its next support: candlesticks / news / support lines who knows but I have drawn the next support lines into the chart where I can see it has the opportunity to turn - If it should come under the last support line, is it well on its way to all time low in 2009 "course 31" - But let's take one week at a time :)