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.
Explanation:
Blue level was the first area where the long Downtrend was stopped and a higher Swing created. Level was engulfed in January.
Dont forget:
- Watch your Risk management
-...
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...
-Analyst PT $10.17
-Stairstep/W formations
-Price above all EMAs
-Just hit Resistance
-Ideally needs to pull back to fill gap and will make another run after that
-Resistance at $15.03, $15.80, $17.38 and $19.15
- Unusual $OPT Activity as well, will send out alert
The current Old Mutual (OMU, 1243c) chart reminds me of the recent rising trend line setup on Germany's Deutsche Bank (DBK). The next 1-3 days will be key: if we see small signs of a reversal (with above-average volume), then we could have a chance for a decent bullish reversal. I'm monitoring closely.
as you can realize in the price chart, it seems the Deutsche bank descending trend apparently coming to the end.
I think the German government will take care of them and it is going to power up again.
look for a price stabilization price action to invest in it for a 3-5 year investment.
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 now.
Take care and good...
13 YEARS TRENDLINE BREAK
DOUBLE CAPITULATION SELLING CLIMAX
BULLISH DIVERGENCE IN MACD AND VOLUME ACCUMULATION
XLF BREAKING INTO ALL TIME HIGHS AND STILL TARGETING HIGHER
GLOBAL ECONOMY TO RECOVER STRONGLY AS COVID SUBSIDES AND LOCKDOWN LIFTED
DB DROPPED FROM A PEAK OF $140 TO $5 LOW AND READY TO RISE LIKE THE PHOENIX FROM THE ASHES!
