Double Bottom? I don`t think so.... Dax and US market is consolidating, and Deutsche Bank is technically weak, wweak weak...
here i illustrate the next poissible Short-BO
The anticyclical risk-lover would decide otherwise and would buy this "support"-bottom....let`s see..the bank sector is not really the strongest one these days :-9
Technically very weak, yes, but fundamentally speaking how bad can it really be at the end of the day? I mean the share price is nowhere near the actual book value. The bank is going through a major restructuring. It is difficult for everyone to earn a buck in the low interest environment. Plus the bad results of last year were hardly from an operating income perspective, rather than a write off of your goodwill (Postbank sale for instance) & also the litigation costs. So yes, long story short, it's a tough time & everything is pretty bad, but not as catastrophic as the share price is suggesting.