Deutsche Bank will most likely continue its decline from its all time high of $125 several years ago. This decline has been slow and painful, but steady. I detected a bearish butterfly which gave me another downside projection, this time to approximately $15.50 per share, and this should happen on or about April 12th, 2016. I feel this stock is heading lower.
Deutsche Bank has been one of the best historical selling short opportunities in the financial sector according to famed investor Vieira who predicted its collapse naming this bank as one of the worst investment banks in the world
Know more from early 2015: stockmarketlive.tv
Deutsche Bank had expired a massive sell off with the latest published net loss.
Anyway I do believe that market is exaggerating. Currently only negative news are published in newspapers to exploit this topic and to create artificially more content in financial press. From my perspective a bullish rebound might be probable.
Important: :-)
If you like my analysis...
After announcing that Deutche is proposed to buy back $5,4 billion in it's own debt, the stock has risen after reaching new low levels through the past week.
Breaking up this trendline that formed of this stock plunge and the break out of the 23.6 level of fibonnaci can give us a long opportunity from 15.4 to 16 - 16.5 - 16.7 with stop of the movement at 14.8...
Current price action already below lowest all-time low, well below established levels of volume consolidation for support and rather oversold as of the RSI indicator. Anything lower as of now is a fundamentally-lead crack within the institution as these price levels are unprecedented. [
Draghi to the rescue!! DBK heading towards 2008 low of €15 after failing to gain from negative euro-rates and galloping European equity markets. Imagine the carnage for Spanish & Italian banks
Deutsche looks like a battled boxer. Under 45 the next stop would be 35. Here will be a decisive moment. New lows under 2009 or nice and smooth ride to the sky.
