IvanLabrie
Long

DB: Contrarian long opportunity

NYSE:DB   DEUTSCHE BANK AG
2 months ago
I'm pretty sure 97% of people were short DB             lately, and pessimistic about its outlook.
I was on that bandwagon, and shorting every rally for some time, but the latest developments made me change my mind on it. I think we have a great opportunity to long the stock here, if not already in that is.
I'm in with a 0.25% risk position, and will add gradually to it, until I reach 1% exposure.
We have to monitor the activity here, but it's possible this was a terminal wedge or ending diagonal pattern, in Elliott Wave parlance.

We can add to longs on a break of Friday's close, to the upside, risking a drop under the lowest low, and add more once we break above the earnings resistance above, at around 13.72, using the same stop loss.
We can also buy dips under 12.38 but I think it's unlikely to happen here. We need to reach 14.89 within 3 days to confirm the bullish momentum in the short term.

Good luck,

Ivan Labrie.
2 months ago
Comment: I added near today's low.
2 months ago
Comment: Looks good. Looking to buy gradually until I have a full position. Adding more tomorrow.
2 months ago
Comment: Ok, I have a full position now, I like the progress, and would like to see a rally above the earnings resistance at 13.72 quickly.
2 months ago
Comment: Good progress, let's see if it can cross the earnings resistance soon.
2 months ago
Trade closed manually: To be safe, 'bank' it here. (for now at least)
2 months ago
Comment: If we break above earnings resistance tomorrow I'll reenter longs.
2 months ago
Trade active: This is a solid close for $DB, I'm getting back into the long trade tomorrow at the open. Risking a drop to 11.95
snapshot
2 months ago
Trade active: DB didn't hold support here, we can flip short:

snapshot


I'm short Dax as well.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
HanmoGao PRO
2 months ago
WIth all the media exposure, DB's number is just fine.
+1 Reply
IvanLabrie PRO HanmoGao
2 months ago
What do you mean?
I think they are over reacting here. There were real issues that dragged the stock down but this type of sentiment extreme sets up a major squeeze.
Let's see how it goes...
Reply
HanmoGao PRO IvanLabrie
2 months ago
I dont think there will be default, their numbers are fine. The fine might be higher than 5B, but not gonna drag DB to collapse. I am long with it as well
+1 Reply
IvanLabrie PRO HanmoGao
2 months ago
Yes, precisely!

Have to long aggressively early on. I'm adding on dips, still not a full position.
Reply
faris.makki
2 months ago
Great!
Reply
IvanLabrie PRO faris.makki
2 months ago
Thanks, let's see if we get the short. Salaam.
Reply
faylee
2 months ago
I traded DB today:)
+1 Reply
IvanLabrie PRO faylee
2 months ago
Hi Fay Lee, good to know, short side too?
Reply
faylee IvanLabrie
2 months ago
dear Ivan, i only trade for short term, not for trending
+1 Reply
IvanLabrie PRO faylee
2 months ago
Cool. :)
Reply
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