Germany: Deutsche bank touches the main support – Analysis – 14-1-2019

Deutsche bank shares price succeeded to touch the bearish channel’s support line at 6.66 recently, to form solid barrier against the attempts to resume the negativity, noticing the beginning of forming positive rebound by reaching 7.16.

The continuous stability of the main support increases the chances of forming strong bullish waves in the near term period, also, stochastic release from the oversold areas eases the attempt to gain positive momentum to increase the chances of rallying towards 8.35 followed by 9.32 level that forms the first main target of the bullish bias.

Expected trading range for today is between 6.60 and 8.35

Expected trend for today: Bullish