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Deutsche Bank Daily Technical Analysis | 28 September 2017

2017-09-28 11:26 am | Resource: Technical Analysis Section | No Views : 326

Deutsche Bank shares are trading in a major bearish direction and the highest line is towards a minor upside and the slow moving average is intersecting with the positive moving average positively as a result of the strong rally witnessed by the end of trading yesterday.

Deutsche Bank Daily Technical Analysis | 28 September 2017

The bulls broke through a negative bat trading pattern under formation today, moving the xx at 15.66 euro while at 13.32 then rebounding to point B by correcting 0.45 and then dropping to draw 0.65 and then breaching zone B and heading towards the complete area of ​​the pattern At d = 0.88.
MACD crosses positively at zero, supporting buyers and histograms rising higher.
It is expected that as long as the German bank is trading at 14.28, it may target 15.36.
Support: 14.28 - 13.51 - 13.11
Resistance: - 14.87 - 15.36 - 16.65
Trend: Up


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