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Deutsche Bank Daily Technical Analysis | 13 September 2017

2017-09-13 11:19 am | Resource: Technical Analysis Section | No Views : 179

Deutsche Bank broke the downtrend line on the 240-minute interval on the last day of last week due to sellers' determination of something and the slow and fast moving average was positively correlated with each other to support the current uptrend.

Deutsche Bank Daily Technical Analysis | 13 September 2017

In the September 7 report, we explained the model that controls the stock over the daily interval, and now we are making the stock to take short-term trading opportunities.
Currently, the stock is testing the broken neckline and approaching it and the rate of change index is still trading in a bullish direction and the highest level is zero. The ADX index is still positive and rising to indicate the strength of the bullish trend.
It is expected that, if the previous positive factors are completed as they may penetrate the arrow neckline and target 15.44 either in case, the failure of the arrow to penetrate the line of the barrel will return it towards the targets of the head and shoulders negative
Support: 12.71 - 12.43 - 10.74
Resistance: 14.74- 15.44 - 16.59
Trend: up


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