This is the real market risk, the most obvious contagion to date that will most likely cause the next financial crisis because of the amount of debt that the bank holds within the banking system when this stock moves down the market also follows.
Technically below that trendline and Deutsche Bank moves towards default and 0.11€
Although the chart still is in a down trend,the stock will be supported by the coming merger with Commerzbank.
I am not particularly positive on equities but this can turn around and go back to 12 at any moment.
Shorting here is very dangerous .
Keytrader
⋅
@thewickedwiz, I see your point, however we have a big movement in the market next week towards the downside and a supposed merger will not happen before that, the 6€ trendline is to be tested still. Technicals over fundamentals always.
thewickedwiz
⋅
@Keytrader, I also prefer technicals having used them for over 30 years,but sometimes conviction plus technicals is necessary for longer term views.
Right here the risk reward does not favour further shorting.
If rates were to move by half a per cent in the Eurozone then DBK profits enormously.
The market is an anticipation machine,right now this stock could move upwards quite fast(in my humble opinion) .
The banks in general may be ready for a big rally,I think that rates in general are headed up over the next year despite the mutterings and utterings of Trump.
I am not particularly positive on equities but this can turn around and go back to 12 at any moment.
Shorting here is very dangerous .