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Deutsche Bank Daily Technical Analysis | 13 November 2017

2017-11-13 11:14 am | Resource: Technical Analysis Section | No Views : 291

Deutsche Bank's bulls pushed the stock higher at 14.83 last week as a result of the pressure of buyers on the German stock, and continued to rise the stock until it broke through 15.36 euros.

 Deutsche Bank Daily Technical Analysis | 13 November 2017

Currently, the stock is trading in a bullish direction and breached the bearish trend line last Friday, the simple moving average and the slow moving average are positive and support the upside move.
The MACD is positively cross and the histogram is rising above zero suggesting that buyers continue to press the arrow.
It is expected that if the German stock confirms a breach of the level of 15.36 Euro may target the level of 16.08 on the other side, in case of closing below the level of 15.36 may target the level of 14.83.
Support: 14.83 - 13.84 - 13.11
Resistance: 15.36 - - 15.65 - 16.66
Direction: Upward

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