Here is my prediction for the movement of the stock. It is hitting the slope of the up movement, so I expect a bouncing price movement to happen. Take your profits at the given zone, or risk it even further?! :I Good Luck and Good Trades
Only looking on chart and without the following fundamental things in mind: feelings, financial crisis 2.0, zero or negative interest rates, margin erosion, Dr. Markus Krall, Zombibanken, personnel overcapacities, Overbanking - too many branches, target 2 balances, Google Pay, Paypal, Alipay, Payoneer, Skrill, WePay, Wirecard, Adyen , FinTecs, IoT , Blockchain,...
I have read an article today about the possible merger between Commerzbank and Deutsche Bank, few people seem to be reading up on it! Very soon we will hear about how EU banks are a zero and Deutsche will be the first to collapse. A backdoor bailout is likely to change that.
CBK is very undervalue at this price level . No debt . with the new amazing leader Keri Jones - it will not take too long to sky rocket to $2 range. Buy and hold and be patience . "Opinions are my own , trade at your own risks''
Looks like it could break out very soon. Close to crossing on the MACD, with an uptrend, and finally the OBV is higher then the previous high which could indicate a breakout coming.
CBK seems making a rounding bottom after the previous drop. I'm looking for a wave up when this lower degree correction is completed.