Monday, February 20, 2017

Technical Analysis chart - Double score for the German Banking Group Deutsche Bank ..

Market comment ..

Double score for the German banking group Deutsche Bank AG in 19,970e .. from the low of 9898 e made by share on September 30, 2016, a period during which prices were pressured by referendum in the UK but also by the scandal had broken when the banking group was faced with an enormous amount from the regulatory authority of the USA focusing unsafe mortgage real estate loans, the margin of critical comment by the German government ahead of the election of the American President Donald Trump .. Since then the share, despite the difficulties mentioned above, a dynamic steady course since broken the medium strong resistance of 13.60 with moved strongly upwards, recording a higher high, marking a year high, with the resistance of 23.40 still remains in the frame ... despite a temporary correction picture of the last days..





The share Friday gave back losses - 1.70% to 18.20 breaking downwards the support of the EMA block in 18.34 and support at 18.26 finding time to support the rising diagonal at 18.20 ..

  it is very likely to manifest a positive reaction with a target initial level of 18.92 amid the resistance of 19.42 .. 


The quick fast stochastic indicator is moved to a neutral price corridor showing upside potential after the image stabilization showed Friday, as the share reacted by low 17,89 days ... although the MACD indicator is still moving at a slow sidle keeping the output signal .. but with visible signs of a voltage reversal ..





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