DBS is very weak now. Having bounced off 25 twice in recent time, it failed to make higher highs, failed the 55EMA, and is likely to revisit 25.
MACD supportive of bearish bias.
Going for a bounce at 24.50, and to consolidate at 24 for deliberation of a possible major rally to 40.
This 11 years NYSE:DB FALLING wedge that ready to pop.
Its time to buy it all up, 65$ is the ultimate target. this is the weekly chart so it will take a few months.
buy up $8-10.5 stop loss is $6.5
We can open Sell in Zone.
- the price is close to the 4-Years Low 11.20;
- the trend has changed direction by trading large volumes;
- potential profit will be in 3...5 times bigger than risk.
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This tanking bank has shown signs of trend reversal & the descending wedge break is a good sign. Retest to the line then heading north. Rsi + a custom momentum indicator show positive buying pressure. If you’re into Elliot waves we can see a third wave forming
Deutsche Bank (DB) has been on a strong medium term rise on the 1W chart since the August low (RSI = 65.146, MACD = 0.232, ADX = 21.619, Highs/Lows = 0.9691). This rise is the bullish leg of the long term Channel Down (since 2012), that is aiming for a Lower High inside the pattern.
The previous Lower High bounces have been 85% on average and the last one made a...
Entry - $7.60
Target 1 - $8.30
Target 2 - $9.65
Target 3 - $12
Stop loss - $6.79
DB is at an important Fib level as well as showing Bullish Divergence.
Be aware that this is a contrarian play and a countertrend trade. However, this area has a good chance of being a medium term bottom and we might be catching a trend reversal here which can be very...
Today I would love to point that not only altcoins are loosing big.
Shares of Deutsche Bank (NYSE:DB), Germany´s largest bank closed above $7 which is more than 95% down from the stock´s all-time high over $139 in the summer of 2007.
The bank is operational in 58 countries with a large presence in Europe, the Americas and Asia. Deutsche...
Other than it is a Temasek backed bank, it is also one of the best managed bank in Asia. It has now broken out of the bearish trend line. Let's wait for the pullback and get ready to ride high with it.
Another fun story :D
By the way, the number of baghodlers on Tesla is down now that the price went up. Got their chance to break even on idiotic buys.
DB baggies spiked during the whole day of the 08 July. Did some guru tell his gullible paid group to buy the "bottom"? Or whale uses Baginhood?
DB baggies have been following the usual baggy path: exact opposite to...