After Angela Merkel announced she wouldn't bail out Deutsche Bank, everything tumbled.
We need to set alerts in NAS100 and SPX500, at 4803 and 2137.1 respectively. If these prices aren't hit within the next 3 days, it might be a good opportunity to buy 'the dip' once more.
After today's close I'll update the chart with more information.
Individual stocks longs...
This potentially a very rewarding pair trade. You can enter shorts in Dax (either via CFDs or using the EWG etf) and longs in Nasdaq composite (CFDs or via the QQQ etf), risking 1 time the monthly average true range (but using no stop - the idea is merely to size the trade based on volatility).
This is potentially a long term trade, and a good way of gaining short...
Basic Trends @ last week (based on 15 minutes)
12.01: (b) Resistance Line - maybe new downside pressure
11.74: (2) Resistance Line - maybe new downside pressure
11.68: (a) Resistance Line - maybe new downside pressure
11.42: (d) Resistance Line - maybe new downside pressure
11.37: (c) Support Line - maybe new upside potential
11.30: (3) Support Line - maybe new...
"worse as it gets"
I can not think of anything more - after friday ...
12.97 1st Yearly low 2016 @ February
11.22 2nd Yearly low 2016 @ July
11.06 3rd Yearly low 2016 @ August
Trading Zone between 11.06 & 12.97 !!!
Break Up/Down of this range could accelerate the share ...
& analyzed it again
Gold as save haven?
No expiration timeframe, no extension possible.
S&P500 correlated to deutsche bank (DB)
Highly correlation between them. A price of 12,00 for one stock deutsche bank is to high.
take a look at this figure:
in bad fincial times we seek really horrible figures... On this moment Europe and the US...
DB has a quarterly 'Time at mode' downtrend active, that aims for 10.34 to be hit before July 2017.
If you are a frequent 'Key hidden levels' chatroom user, and a subscriber to Tim West's indicator, you should be short DB from around $17, like we are. We are now trailing stops down, but adding an entry here isn't a bad idea at all. Risk a rally to 15.21, and...
The chart speaks for itself, we have a very clear downtrend here, after breaking below the key earning levels above after the 'Brexit' induced volatility spike. We can enter shorts for continuation here, and look for prices around the 70 handle, without being overly optimistic (or pessimistic on European banks).
Price has to stay under today's high for this setup...
DB has already lost 40% of stock capitalization since the beginning of the year, it is at the lowest levels since 2000s and already lower than 2009.
Save your money if you are a DB client! The party is about to start
Rate chatter could continue to act as bullish catalyst for all banks. Deutsche Bank trades close to its 52 week low of 14.78, WELL under its book value. I think $DB presents the most appealing risk/reward out of all major banks. Going to set my stop under 52 week low let it ride.
TP @ 100/200 MA
My honest opinion is that one of the major mistakes globaly is that traders counter trend immidiately once price hits PRZ. Even with DT or DB you need some sort of comformation, at least break of DT/DB and wait for price to retrace back to the V bottom of DT structure or A top of DB. I found out that the best way to get comformation that trade has really changed...
Wow. This one was spot on. See link below. From 50,80 to 31,76. Couldn't be more happy for the analysis, sadly I did throw the trade away, way too early.
So why now the revisiting. Because. The green line could start, so at least the stops should be brought closer, or parts taken of the table. The 35 could be a nice stop.
My wave sentiment: So neutral to short. ;)
The Deutsche Bank AG (NYSE:DB) Daily Diagram Technical Analysis training shows the following:
The DB share has made a long term bearish movement with the resistance of red trend lines. These resistance lines were under the KUMO, which means that the DB was bearish in long term. The weekly diagram shows an oversold level.
So the first think in mind (as...