DEUTSCHE BANK pattern like Bitcoin (BTC/USD)We have a standard falling wedge pattern like on BTC/USD chart.
Also we have a strong divergence with MACD indicator and volume rising.
The stock after a great fall and now is located near its bottom.
LONG TERM TRADE(month chart).
And the first target is x2 of it price => 20$.
I will update the idea.
Good Luck!
1DBK trade ideas
Douche Bank – A Horse Man of the ApocalypseYou ever see Weekend at Bernie’s? A lot of parallels here in that the ECB has found DB involved in all kinds of financial fraud, but after arriving in Draghi’s Ctrl-P Party in Paradise, the ECB finds Doobie Banks lifeless body. To the ECB’s amazement, the guest are too engrossed in their partying to notice the bank is dead, with the dopey grin from a fatal injection of derivatives and sunglasses concealing its lifeless state. Wanting to enjoy Draphi’s luxurious Paradise while they can, the ECB continues to parade DB around the Halls of Europe, manipulating its limbs to make the bank appear to still be alive, and swishing away the inevitable flies…
So here is an Overly Optimistic Neo-Wave interpretation of Doom Bank’s chart, showing it trading down to $4. What the chart really says to me is the valuation is headed to negative $20… Buying this stock is like asking for a poke in the eye.
DB may face another decline...DB may face another decline. German Deutsche Bank AG. there were better times in exchange rates as well. Last week, he left his biggest shareholder. The exchange rate is expected in the coming days. Thereafter, we expect a larger downward wave, with a target price of 6.17 usd.
DB Long- Not much to say about this Bank, except to state the obvious, it has been battered over the last few years
- Will allocate long
- I am looking for pull-backs to enter on(might change, depending on price action)
- Time horizon for this allocation is medium term
The counter
- I like the talk of the 'new' `CEO, however talk is cheap, action is not.