MaryJane
Short

Double Bottom vs. Breakout!

FWB:DBK   DEUTSCHE BANK AG NA O.N.
259 5 19
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
Comment:
snapshot
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.
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RSI looks more for a bullish way ... will see ! thanks MJ
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MaryJane Dguaman
hey Dguaman..yes, you were right :-9 The rsi told us the truth..perhaps we will see a double bottom?
snapshot
+1 Reply
Dguaman MaryJane
Maybe H&S =)
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