Seems like CBK is forming another correction in cycle
where now it's short of ((E)) to make this expanding flat completed.
When the market opens I'm expecting the price will retest the down trendline again before continue bullish movement to make ((E)).
That way I will have the most advantages to open buy order.
Commerzbank is still under value and banks usually should take profit with rising interest rates and inflation.
A entry with a little bit cheaper price could be a good entry for a long time investment.
Commerzbank management has much to do, but is on a good direction. Integrating the comdirect could give a digitalization boost, hopefully.
Here is my prediction for the movement of the stock. It is hitting the slope of the up movement, so I expect a bouncing price movement to happen. Take your profits at the given zone, or risk it even further?! :I
Good Luck and Good Trades
Technical outlook:
CKB.de bullish scenario:
We have technical figure Triangle in German company Commerzbank Aktiengesellschaft (CKB.de) at daily chart. Commerzbank Aktiengesellschaft is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of...
Technical outlook:
CKB.de bullish scenario:
We have technical figure Triangle in German company Commerzbank Aktiengesellschaft (CKB.de) at daily chart. Commerzbank Aktiengesellschaft is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of...
Hello everyone,
A good opportunity has been detected on the COMMERZBANK stock.
After strong upward movement on the COMMERZBANK stock, the price
found resistance on a 123.6% Fibonacci extension level, pulled back and
is currently correcting to the downside.
We are expecting the price to reach approximately the 4.615 price
area, where we have a 50.0% Fibonacci...
Hello everyone,
A good opportunity has been detected on the COMMERZBANK pair.
After strong upward movement on the COMMERZBANK, the price
is currently correcting to the downside.
We are expecting the price to reach approximately the 4.560
price level, where we have a 50.0% Fibonacci retracement level,
the 50 Moving Average, as well as the 20 Moving Average of...
CBK sitting at the lower border of an uptrend parallel channel.
It is also hitting the lower bollinger bands.
I'm expecting a rise in price and take a long position
TG1: 4.76
TG2: 5.06
SL: 4.45
Hello everyone,
A good opportunity has been detected on the COMMERZBANK stock.
After strong upward movement on the COMMERZBANK stock, the
price found resistance on a strong resistance point, pulled back and
is currently correcting to the downside.
We are expecting the price to reach approximately the 4.365
price area, where we have a 38.2% Fibonacci retracement...
CBK Trading in a channel since 08/19
Breakout middle of 02/20, due to corona it came back into the channel and is now sitting at the lower channel border and will probably hit a tripple bottom (15/08/19, 09/10/19, today, tomorrow?, next bad market day?)
sitting @ lower bollinger band
sitting @ lower channel border
high volume
oversold (RSI close to a bouncing...
