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Deutsche Bank Daily Technical Analysis | 22 September 2017

2017-09-22 04:17 pm | Resource: Technical Analysis Section | No Views : 207

Deutsche Bank is trading in a bullish direction on the 4-hour interval as a result of the breach of the bearish trend line during yesterday's trading after the bank's share rebounded from 13.51 euros.

Deutsche Bank Daily Technical Analysis | 22 September 2017

Currently, by looking at the chart above, we can find a pattern to share a harmonic trading in the configuration. The X zone started in the 16.90 area, then it fell to 13.95 points, then rebounded to area B at 14.77, then corrected 1.32 to point X then rebounded The stock is approaching B levels, so we recommend that you wait and wait until a breakout occurs to enter a high risk trading position.
RSI 14 breached the bearish trend line and is currently trading in a bullish direction and the ADX is approaching the bullish trend areas.
It is expected that if Deutsche Bank shares break above 14.78, it could target 16.55 on the other hand if a break of 13.76 could target 10.79.
Support: 13.51-13.12 - 10.79
Resistance: 14.78- 15.66- 16.55
trend: neutral


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