View On DBS (24 May 2019)
We were in the fast and furious pull back mode in the recent week.
Now, it has approached some decent support levels. It may take some time to around but as long as it is above the price level of $24, we shall see the rise up on the price again..
DYODD, all the best and read the disclaimer too.
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The fundamental analysis of this is fairly easy. Mergers are good for stocks. Why? Because it usually means increasing profitability. Why? Because it oftentimes leads to reducing inefficiencies and eliminating two teams that could be consolidated into one whether its with commercial banks, foreign exchange desks, etc. This merger would lead to the cutting of...
$DB - Deutsche Bank is now ready to move lower towards the 2019-03-22 cycle low point on Friday next week with the rest of the equity markets.
Projection Model - 2-Day Cycle - 2019-02-01 - 2019-06-29
i.imgur.com
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.
Deutsche Bank - DB - weekly
Range 21.16 - 7.66
resistance test at top of mean at 12.73
macro trend uncertain
VOL ATR - SHORT
RSI MACD - flat/low momentum
support test at 7.66
neutral/bearish outlook
View On DBS (14 Feb 2019)
We have been busy since last Jan on DBS and Bank stocks are in demand right now.
The shall rise up higher.
The first easy tgt is $25.10.
DYODD, all the best and read the disclaimer too.
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Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high...
As the default risk for Deutsche Bank keep increasing by the day it is now technically ready to move lower towards it's default target of 0.11€ it is still to date the most obvious contagion to the stock market crash of this decade.
However the most likely target on the way down will first be 2.5€ which sits on the trendline from the top notation in May of 2007...
NYSE:DB
LAS ACCIONES DE LA ENTIDAD BANCARIA PROXIMA A UN CAMBIO DE TENDENCIA, REPLICA QUE SE EXTENDERIA AL RESTO DEL SECTOR.
DESDE QUE POWELL , PRESIDENTE DE LA FED SALIERA EN DICIEMBRE CON UN MENSAJE RECONCILIADOR CON EL PRESIDENTE TRUMP CON RESPECTO AL TEMA SUBA DE TASAS DE INTERES, LOS MERCADOS ELABORARON UNA RECUPERACION CONTRATENDENCIAL, QUE PUDO HABER...
