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Deutsche Bank Daily Technical Analysis | 24 November 2017

2017-11-24 09:43 am | Resource: Technical Analysis Section | No Views : 328

Deutsche Bank broke the 16.66 support level yesterday, and with the start of today's trading, it returned to trade again.

Deutsche Bank Daily Technical Analysis | 24 November 2017

The German stock is still trading in a bullish direction, which is in weakness due to a lower peak and lower bottom, the SMA and the slow moving SMA are neutral.
The bank stock is still trading below the completion point of a negative bat harmonic trading pattern.
The MACD index is crossed negatively, which supports the failure of the stability of the stock above the level of 16.16 and the decline again.
It is expected that, as long as the stock is trading below 16.44 Euro, it may target 15.45: 14.83 and if the breach of the German stock is confirmed at 16.16, it might target 17.49.
Support: 15.66 - 14.87 - 14.28
Resistance: 16.65 - 17.49 - 20.00
Trend: Up

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