1DBK trade ideas
$DB - Hot potato until trades below 13,70-13,90!Short it? Not a good idea. It was at 25 and at 20, but here risk reward is not the best.
Go long? Very dangerous! DB is clearly not yet out of the woods. Trend is absolutely bearish.
Best idea is not to touch it at all. If you want to trade banks, I will have better idea later, how to do it with a more diversified, relative value trade spread trade.
Weekly:
- Massive bearish trend and bearish Ichimoku setup. Bearish until price trades below Kijun Sen, which stays at 13,70+ right now.
- EWO and MACD have both developed a massive positive divergence, but as you see these divergences can last for very long time on a heavy trending market! You have to keep in mind, that divergences alone can not be used for a trade entry! Divergence can disappear in two ways: further break down of price hits indicators too, and kills the divergence, or finally price reverses up (in our case bears get squeezed on shorts). Only in the second case should you try a swing buy, even then with very strict risk management (small size, strict stops).
- Heikin-Ashi signal shows market got very boring this week :-). Indecision at Tenkan (9 weeks average)
Daily:
- Don't execute a strategic buy until you have a bullish signal! Personally me I don't like to own anything as a major position until it is bearish. Like it or not, Ichimoku setup and trend is clearly bearish here!
What's more, price has just retested first bearish support. It would not be difficult to push lower from here. We can not say anything positive about $DB shares, until at least it makes a higher low in next dip. Frankly speaking it can not be considered even as bullish, until trades below 13,90!
- Heikin-Ashi warning signal: haDelta shows swing momentum loss at Kijun Sen. May turn lower again!
- EWO is still bearish.
- 10 EUR level will be extremely important in coming days, weeks. If that breaks, possible channel target will be 6 EUR price. There we could start to think about it as a binary option game :-)
If anything, I'd be still short. For the record, I do not have any position in it.
Deutsche Bank: Reaction at the 10.00 area...Back in February I was speculating on a possible new banking crisis in the making...
This week DB was in the media alot, could be the start, or not....
If DB fails then we're likely in for a bankrupcy cascade in the banking sector and a deep recession not like any we've witnessed in recent decades..., especially in Europe...
On the other hand: the 'insiders' often create situations like this so that everyone else starts selling and they can start building longs at ultralow prices...
No way of knowing what the strategy of the ruling elite will be and what will happen so the only way to move forward is to try and read the charts...
This is what I see: we got bearish trend continuation after the triangle broke and we got to the 1.27 ext. of the breakout move which was at the 10.00 area. There we saw a decent bullish reaction on the last daily candle...
I was hoping to end up a little lower though for a really awesome buying opportunity, not sure if we'll get there now, we'll see...
Trade cautiously, anything can happen if real panic sets in...
Long opportunity on Deustche BankBullish wedge formation after an overextended run, price made a weekly and monthly low test on massive MACD divergence rejecting the psychological level of 10€.
Bullish pressure jumped in last week with a massive bullish engulfing that broke its counter trendline.
We might make a higher high that will be the first indication of trend change. My first target being the 0.618 fib retracement from its previous bearish leg, which is coincident with the 15.25€ area
DEUTCHE BANKS NEAR TO FILE BANKRUPTCY by 2019DEUTCHE BANK DIDN'T BOUNCE MUCH AFTER 2007 CRISIS. It may do some reverse spilt like CITIBANK IN 2008-9 to prop up the share price and may some government bailout but in long term it will suffer a lot. All the hedge fund managers are piling up short position and share price may tumble below $4 soon. Upper limit resistance is around $20 for any upside bounce. The red resistance line shows that there is a strong possibility that by 2018/19 it will be ready to file Bankruptcy. Time has come to short the Bank if you have any grudges against it. But policy makers may ban shorting stock, but then you can do it by LEAP options but then they may ban that too :) So beware of your greed. Global economy is all time high but theses banks goanna fall one by one even before the next financial crisis hits the market.
Deutsche Bank (DBK)Bad news for the bank: it would have a Tier 1 capital €3bn shortfall to the company target of 12.5%, and a leverage ratio of 3.9%, resulting in an €8bn shortfall to the target of 4.5%. So that means that is needed a "monstre" capital increase. DB seems to be very riskier then Lehman Bros., because the institutional panic could spreads to the depositor base. Jeff Gundlach explained that "the market will keep pushing the price of DB lower until it either fails, or is bailed out".
So take care!
Deutsche Bank – Series of horrors, no reversal signal on chartsDeutsche Bank is smashed from all sides. The bank has gone from being Europe’s best in 1980s to being the worst in 2016.
What went wrong?
Check out Panmure Gordon’s Senior Market Commentator David Buik detail Deutsche Bank’s journey from Best to Worst - www.youtube.com
Don’t trust the rebound
Shares are up more than 3% at 10.85 levels. This is because the bank denied capitalization problems and has decided to sell its insurance unit Abbey Assurance. However, not that official denial is always confirmation… don’t trust anything unless it is officially denied.
Technical outlook
There are no major signs of reversal – No bullish price RSI divergence on hourly or 4-hr or daily chart. Neither do we have candlestick patterns that suggest reversal.
Infact yesterday’s candle was a spinning top of sorts…though it appears in a corrective and cannot be called as a top… still it suggests indecision.
In the short-run bearish invalidation is seen only if prices see a daily close above 11.13 (Sep 21 high).
Till then there is little hope for bulls… bears can expect fresh sell-off below yesterday’s low of 10.65.
DEUTSCHE BANK @ 15 min. @ Like a Boxer in the ropesBasic Trends @ last week (based on 15 minutes)
12.01: (b) Resistance Line - maybe new downside pressure
11.74: (2) Resistance Line - maybe new downside pressure
11.68: (a) Resistance Line - maybe new downside pressure
11.42: (d) Resistance Line - maybe new downside pressure
11.37: (c) Support Line - maybe new upside potential
11.30: (3) Support Line - maybe new upside potential
11.16: (e) Support Line - maybe new upside potential
11.13: (1) Support Line - maybe new upside potential
Downside Trend @ last week (based on 15 minutes)
12.01: (b) Resistance Line - maybe new downside pressure
11.68: (a) Resistance Line - maybe new downside pressure
11.42: (d) Resistance Line - maybe new downside pressure
11.37: (c) Support Line - maybe new upside potential
11.16: (e) Support Line - maybe new upside potential
Upside Trend @ last week (based on 15 minutes)
11.74: (2) Resistance Line - maybe new downside pressure
11.30: (3) Support Line - maybe new upside potential
11.13: (1) Support Line - maybe new upside potential
BreaktOut Szenario "3cd" - even 11.30, 11.37 & 11.42
1st target by a breakUP could be "a2" - even 11.68 & 11.74
1st target by a breakDOWN could be "1e" - even 11.13 & 11.16
BreakDOWN Zone Area is beetwen 11.21 & 11.06
11.22: above 11.21 short-term view a liitle bit high speculative contrarian bullish
11.21: new alltime-low from July`2016
11.06: new alltime-low from August`2016
11.05: under 11.06 bearish all time frames, ´cause we`ll trading new (negative) area
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
DBK: Downtrend continuation tradeDBK lends itself to a downtrend continuation trade. Enter at market open tomorrow, keep stops at 13.85.
We can trade this using the ADR if trading in the US stock market (DB ticker), in which case, we'd have to use a different stop loss. Ask if you're interested in taking that setup.
There's a distinct possibility that DBK resumes the long term downtrend from here onwards, just keep risk to 1% max, and give the trade some time to evolve.
Cheers,
Ivan Labrie.