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.
SL @14.5
TP @ 100/200 MA
Previous pattern, Inverted Head and Shoulder, breakout was diverted by strong resistance around 36.70. Since the previous pattern busted, price has been coming down fast, we've already broke below the neckline support and are heading towards the previous low where the Head of the Inverted H&S stood at 27.85.
Double Bottom Possibility
To characterize as a...
DEUTSCHE BANK has been on the downtrend for last 15 years. Now a big opportunity to buy and sell Seven years from now! Buy @ around 114.8EUR and 115.6 EUR to take your investment to 8 times.
DB is trading right above its all-time lows. On the weekly a small double bottom has formed with strong bullish volume.
I will setup a trigger at 17.50 with a stop $14.00 and hold this one for a long time if the stock avoids getting stopped out
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14 Days ago, with DB-3.59% at $18.02, I published a "Bearish Butterfly" formation I detected in Deutsche Bank. From Fibonacci extensions the downside projection was to $15.50 on or before April 12, 2016. Today (April 7th, 2016) DB-3.59% hit $15.54. I had positions in DB-3.59% Apr 15 2016 Puts, Strike Price of $20. I took profits because these puts expire in about...
Deutsche Bank will most likely continue its decline from its all time high of $125 several years ago. This decline has been slow and painful, but steady. I detected a bearish butterfly which gave me another downside projection, this time to approximately $15.50 per share, and this should happen on or about April 12th, 2016. I feel this stock is heading lower.
Deutsche Bank had expired a massive sell off with the latest published net loss.
Anyway I do believe that market is exaggerating. Currently only negative news are published in newspapers to exploit this topic and to create artificially more content in financial press. From my perspective a bullish rebound might be probable.
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After announcing that Deutche is proposed to buy back $5,4 billion in it's own debt, the stock has risen after reaching new low levels through the past week.
Breaking up this trendline that formed of this stock plunge and the break out of the 23.6 level of fibonnaci can give us a long opportunity from 15.4 to 16 - 16.5 - 16.7 with stop of the movement at 14.8...
Current price action already below lowest all-time low, well below established levels of volume consolidation for support and rather oversold as of the RSI indicator. Anything lower as of now is a fundamentally-lead crack within the institution as these price levels are unprecedented. [
Draghi to the rescue!! DBK heading towards 2008 low of €15 after failing to gain from negative euro-rates and galloping European equity markets. Imagine the carnage for Spanish & Italian banks
