Here is my prediction for the movement of the stock. It is hitting the slope of the up movement, so I expect a bouncing price movement to happen. Take your profits at the given zone, or risk it even further?! :I
Good Luck and Good Trades
The compared price charts are speaking for themselves.
DAX vs DEUTSCHE BANK vs COMMERZBANK
vs JP MORGAN CHASE / BANK OF AMERICA
What do you think? Please comment if you want to start or engage in a discussion.
Cheers & All the Best
Only looking on chart and without the following fundamental things in mind: feelings, financial crisis 2.0, zero or negative interest rates, margin erosion, Dr. Markus Krall, Zombibanken, personnel overcapacities, Overbanking - too many branches, target 2 balances, Google Pay, Paypal, Alipay, Payoneer, Skrill, WePay, Wirecard, Adyen , FinTecs, IoT , Blockchain,...
Currently Commerzbank AG is oversold on the 2 h. chart. We don't think it will drop any much further.
Price target is currently 25% above current price.
I have been waiting for another opportunity to Deutsche Bank and Commerz Bank. And here it is.
Commerz Bank chart:
In case you haven't seen it. There is a netflix serie called Bad Banks. Watch it and you will see why to short these banks. :-)
Bad Banks on Netflix: www.netflix.com
We might see a nice up move at the trend line. Don't care about the fundamentals, there is to much software-trading going on in these days.
The technical ages are back, so make sure to focus.
Only my opinion, so make your own research and like always
May the markets be with us
Analyzing the weekly chart, we have zero doubt about the upcoming direction.
First target for our BEARISH strategy is 8.40, where there is still a gap up to be closed.
See you soon with new trading ideas,
Simone
It seems that they are finally approaching the border of the underworld.
Has been moving in a determined and strong way which makes me believe that in the next two months it will probably cross the barrier of 13.80.
If so, it could be a very special year for Commerzbank.
Best wishes to all!!
Weekly close has broken the ascending trendline. It is then a good opportunity to trigger a short trade. Weekly Coppock curve is now oriented downwards. Target can be identified at the previous horizontal support, approx 5.50. Stop loss above 8.20
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