It seems that they are finally approaching the border of the underworld. Has been moving in a determined and strong way which makes me believe that in the next two months it will probably cross the barrier of 13.80. If so, it could be a very special year for Commerzbank. Best wishes to all!!
Waiting to see if the resistance levels will be broken. The area around 13-14.50 EUR looks critical. If all barriers are passed will open a long call (even though analysts' target price is around 11 EUR but they're usually wrong so...)
it can be a starting to strong uptrend
enter to buy position after sure closing above tl
I say chance, because we need the price to bounce off that resistance first. It is a strong resistance, so it should hold. If it does not hold, be prepared to jump on an insane breakout! I am sure there are positions above that resistance, just waiting to be ordered. Talking of long positions. So, either way, you really should have an eye on this one, as it is...
uptrend ....enter to buy position after sure breakout and closing above tl
Trading above the nbeckline would Trigger the H&S
passing out of a important s/r zone ... uptrend buy sl = 8.35
Weekly close has broken the ascending trendline. It is then a good opportunity to trigger a short trade. Weekly Coppock curve is now oriented downwards. Target can be identified at the previous horizontal support, approx 5.50. Stop loss above 8.20 For further trading ideas and weekly financial news, please follow our financial magazine at www.wallstreetimes.com