Today there are rumours in the market that Deutsche Bank would be interested in Buying Commerzbank - so the stock is strong bullish today.
The very poor longterm Chart is bearish. Earlier this year we dipped deep down to 6,3€, consolidated a bit up to 8,6€ and then reassumed the downtrend. In july this supportlevel at 6,3 was tested again, but the first buyingwave could not last, we have seen a bo through this Level down to 5,13€. Today we have reached this interesting nioveau again -for me it is a clear Action Point where a decision has to be made.
Furthermore you can see a bullish wedge. . If this patttern would be activated, Prices round about 8,25€ can be exspected.
Watch the RSI, he signs an upcoming overbought Situation - the BBs also were hitted.
resists: 6,4/7.11/7,85/8,3/8,58
supports:6,02/5,9/5,63/5,13
The very poor longterm Chart is bearish. Earlier this year we dipped deep down to 6,3€, consolidated a bit up to 8,6€ and then reassumed the downtrend. In july this supportlevel at 6,3 was tested again, but the first buyingwave could not last, we have seen a bo through this Level down to 5,13€. Today we have reached this interesting nioveau again -for me it is a clear Action Point where a decision has to be made.
Furthermore you can see a bullish wedge. . If this patttern would be activated, Prices round about 8,25€ can be exspected.
Watch the RSI, he signs an upcoming overbought Situation - the BBs also were hitted.
resists: 6,4/7.11/7,85/8,3/8,58
supports:6,02/5,9/5,63/5,13
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Adios amigos! :-) Note
bye... :-) Note
Turnaround ahead? Trade active
i forgot to mentiron that runnding trade :-9 Trade closed: target reached
Salut! 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.