Deutsche Bank: Fear is on the rise

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.

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A post by Frank Holbaum.