Deutsche Bank AG : End of the technical rebound
May 09, 2013 at 02:05 pm IST
By
Entry price | Target | Stop-loss | Potential |
---|
€36.82 |
€0 |
€39.2 |
+100% |
---|
Deutsche Bank reaches an important level of resistance. This level could contain the upward trend in the short term.
Graphically, the stock went through a period of rebound in recent sessions towards the EUR 37.1 short term resistance. It could act as a stopping point of the upward movement. This scenario suggests a return to the EUR 32.5 support area which will be a bearish objective.
Therefore, the most offensive investor can benefit from the technical configuration to take a short position. The objective will be fixed near to the EUR 32.5 support. The stop loss will be set above EUR 38.5.
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