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Deutsche Bank share: That could be disappointing … – Chart analysis

Anyone who expected an attack on the important technical chart hurdles at and above EUR 8.39 / EUR 8.47 after the price gains of the Deutsche Bank share on Thursday and Friday is currently disappointed. The share price of the DAX group is under pressure on Monday morning, the indications are currently trading around 7.93 / 7.95 euros and thus well below the Friday high at 8.246 euros and even further below the chart technical hurdle zone. There is no concrete news from Deutsche Bank itself this morning. The DAX trend is a burden.

In terms of the chart, there is a threat of a slide below the Friday low of 7,954 euros and thus an orientation downwards. However, smaller trading supports could be found between 7.76 euros and 7.64 / 7.68 euros. Further sell signals in this zone, in which the EMA20 is also located, would then be the end of the short-term upward movement that has characterized the Deutsche Bank share since September 25th. In this scenario, further price losses and a movement towards 7.48 / 7.52 euros and lower would be possible.

The option remains that Deutsche Bank shares can turn up again. A chart-technical resistance zone for the share price of the DAX-listed group begins at 8.29 euros, which has its core mark at 8.39 / 8.47 euros. In the event of a break, the upward trend could then be continued in the direction of the recovery high after the corona crash in the EUR 9.09 / EUR 9.20 zone.

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