DBK trade ideas
DB: Deutsche Bank next long opportunity coming upI was hoping for a lower buy opportunity but the high volume reaction at the 10.00 round level may have been the start of a new uptrend.... Possible opportunity to get in on the action around the 0.618 level of the recent up move and possible Quasimodo support... (target 11.50-11.00)
Deutsche bank is a longDeutsche bank is a long trade.
1ST reason: Higher highs and higher lows - daily chart ( here weekly chart is shown )
2nd reason: breakout of the horizontal resistance at 18.90
Target: there is room to let the quote run until the very first important horizontal resistance around 22.50
DEUTSCHE BANK @ Trading Zone above ATL´s"disaster"
"bombed out"
"insane pressure"
"worse as it gets"
I can not think of anything more - after friday ...
12.97 1st Yearly low 2016 @ February
11.22 2nd Yearly low 2016 @ July
11.06 3rd Yearly low 2016 @ August
Trading Zone between 11.06 & 12.97 !!!
Break Up/Down of this range could accelerate the share ...
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
DBKD @ daily @ with -23% worst DAX Share (2016), but breaked outTake care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
DAX 30 Index & Shares (2016 yearly Performance) @ drive.google.com
Best regards
Aaron
