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BrownBearTrades
Dec 16, 2019 12:11 AM

Deutsche Bank Long Long

Deutsche Bank AGNYSE

Description

NYSE: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.
Comments
mralexsell
to make any serious money there you'd need 200K on daily #trade or buy 10K and forget about for a 2 years , DB design to siphon money from accounts
BrownBearTrades
@mralexsell, 6% in a few days is plenty good for me, thank you though. :)
traderview2
😂
BrownBearTrades
@traderview2, Are you laughing now? I'm up over 6% on this in 4 days and sold calls to capture even more. God bless you.
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