After the rumours about the merger with Commerzbank, Deutsche Bank has meanwhile left a tarnished picture on the stock markets. On Wednesday, too, the fund fell again by a good 3 %. This means that the hoped-for rapid comeback into the upward trend has been removed from the agenda. Rather, it looks as if prices should move in the direction of 7.50 euros and then even 7 euros down in the coming days. Because:
The chart technical downward trend has been fully reactivated. Although the past three months have seen an overall increase of 6.5 %, the trend is still positive. However, this is not enough to even begin to offset the negative trend. It would be important to overcome first 8 and then if possible 8.50 Euro upwards.
Tuning remains bad
From an economic point of view, too, there was no all-clear. The mood with regard to the merger is not particularly favourable. The technical picture is also negative. The share crossed the GD100, which had recently been overcome, again downwards. The 100-day line runs at 7.98 euros.
The GD200 is still more than 1 euro away, i.e. over 12%. In this respect, the share is currently on the descending branch.
A post by Frank Holbaum.