Deutsche Bank saw a rather weak performance since June and was not able to maintain the positive trend of the first half of the year. I expect financials to perform well this week , after the sector also put in a positive performance yesterday. The US banking giants start the fiscal Q2 2021 earnings season today. The first are JPMorgan and investment banking...
Got some nice divergence, there is a ton of short interest that was opened recently and the long end of the yield curve looks like it is going to start trending up.
Banks are oversold and inflation is coming and will likely stick for a while. This should pull up banks. This will also increase trading volume for the banks. Should see commodities / financial...
Looking to buy some DB stocks at the blue line.
Target is based on a LTF Resistance and a monthly Resistance level. Would take out my original investment and let the rest run.
Blue level was the first area where the long Downtrend was stopped and a higher Swing created. Level was engulfed in January.
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We look at the DAX constituents. We pay attention to the most bullish constituents that buck the trend - firms that go up when the index itself goes down. Etc.
So we have plenty of bullish signals on multiple time-frames - and that green triangle projection is back to its all-time heights.
This may be great for both a short time long trade or a good long term...
For more than 2 years I followed the price action of DB stock and it has taught me a lot.
About the market, the psychology but also about myself.
The this my final chart about this journey. I don't know if the stocks is just on a technical retracement or for a rally to new ATH but I don't care, I well positioned for the years to come...
With all vaccine turbulences (how many doses can each country get, bureaucracy and so on) and covid19 cases going up in Germany (lockdown already updated until January 31), could we expect the formation of a H&S pattern by the end of next week? Also, Deutsche Bank is insanely overvalued at 9.530€.
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We wanted to share this idea on deutsche bank, we got a sell signal on the daily timeframe.
And with a current double top, we could see some nice downwards price action.
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...
I think this is a good time for buying XETR:DBK as it has broken the blue line (around 6.68) and returned to test it .For now DBK is likely to head up towards around 7.14 (the green line) which is a decisive level .If this price closes considerably above this level (with a bullish candle) in an upcoming day, I think DBK would be likely to reach the 8 area with...
With hopes that during Easter time G20 and OPEC will solve the differences and come up with aid solution, time could be to buy stocks.
Here we have Deutsche converging higher, bouncing from 61.8%, refusing to sell further.
A break and close through resistance would be confirming bulls taking charge.
Of course fundamentals still affect this. If EU finally agrees...