Deutsche Bank - Smart Money in Action?
Deutsche Bank DBK is in the middle of the storm of bad news. The first menace was this Thursday where the Federal Reserve commentary which said that the financial sector in the U.S is "in trouble." This Friday, the Standard & Poor's slashed its credit rating. The agency also questioned the Deutsche Bank's CEO Christian Sewing.
Despite this uncertain scenario for DBK, the price dropped to our long-term target between 9.380 and 9.119, with a volume considerably higher than previous trading sessions. The key resistance level to follow is 9.950.
Despite this uncertain scenario for DBK, the price dropped to our long-term target between 9.380 and 9.119, with a volume considerably higher than previous trading sessions. The key resistance level to follow is 9.950.
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