I saw the bullish trend line back in June last year:
It exited the trendline, but came back in it eventually.
Now you can see how obvious it was formed.
And it`s just the beginning! Look at Q1 results!!
Net income of €1.04 billion ($1.25 billion) rose 1500% from the...
as you can realize in the price chart, it seems the Deutsche bank descending trend apparently coming to the end.
I think the German government will take care of them and it is going to power up again.
look for a price stabilization price action to invest in it for a 3-5 year investment.
The bank’s game plan was hidden in plain sight in a widely overlooked report by the World Economic Forum.
The Deutsche Bank Digital Asset Custody prototype aims to develop “a fully integrated custody platform for institutional clients and their digital assets providing seamless connectivity to the broader cryptocurrency ecosystem,” according to a little-noticed...
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DBS (D05) - Bearish Prediction, be carefull
Just saw this weekly chart of DBS (D05)...
After a spectacular and amazing run up, DBS is clearly stalling out and poised to fall a good 10%, maybe more.
Candlestick patterns show a bearish inside candle, fallowed by another that gapped down.
point here is that if this is still remotely bullish, there should be better patterns and signs of strength...
DBS, a big component of the STI (Straits Times Index) finds itself on an island (yellow circle)
This is precarious... a drop below the current support will result in a decent retracement.
MACD and Relative Price Strength already turned down... so it is held up with very little.
Be aware, beware!
SGX:D05 is in the crossroad, either the Triple Tops will prevail or it will be a bullish breakout.
Based on the current formation, and if we combined with Supply and Demand; it is wiser to wait for Long Setup rather than Shorting it.
As at today there is no LL yet and overall still Buyer in control.
Here is my personal call:
Buy Stop at $21.65
Stop Loss at...
Looking here at DB I think we could possibly retest resistance but overall I might be going short once we start downward momentum. I think coming down and testing the 200ma would make sense, but then after that, there are a ton of gaps to fill. Assuming that the macro tops out soon or more Douche Bank weakness gets exposed on the balance sheet or...