The rally catches its breath, trend holds
Deutsche Bank slips 1.6% and consolidates between two technical levels as ADX gains strength
The rally catches its breath, trend holds
Our view last week
Deutsche Bank cools off with a 1.5% pullback after last week's rally, sellers briefly taking charge of the daily volume. Under the hood the picture stays solid: the MACD keeps improving, money flow holds positive, and price is finding support below the 32.4 area resistance, already rejected three times: every sign of a rally simply catching its breath. Versus last week's +10.10%, the trade's gain has eased to +8.44%.
This week's summary
Deutsche Bank stock stays in consolidation: after the rally two weeks ago, the stock slips another 1.6%, with sellers a touch stronger on the daily volume. Price, though, stays boxed between two technical levels close together, in the 30.8-31 area, while the daily chart builds a sequence of 3 higher lows from 29 toward 31. The ADX is rising: the trend is gaining conviction just as price catches its breath.
IQS Phase
57
ordinary
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#35 / 61
EU-UK stocks in progress
Trade P&L %
+6.66%
from signal to today
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