Deutsche Bank AG : End of the technical rebound
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€36.82 | €0 | €39.2 | +100% |
Graphically, the stock went through a period of rebound in recent sessions towards the EUR 37.1 short term resistance. It could act as a stopping point of the upward movement. This scenario suggests a return to the EUR 32.5 support area which will be a bearish objective.
Therefore, the most offensive investor can benefit from the technical configuration to take a short position. The objective will be fixed near to the EUR 32.5 support. The stop loss will be set above EUR 38.5.