European Banks: Head-And-Shoulders Bottoms Forming In Major Banks
Huge H&S bottom patterns continue to form on the weekly graphs of some major European banks. United Bankshares (NASDAQ:UBSI), Credit Suisse (NYSE:CS) and Deutsche Bank (NYSE:DB) are shown in the charts below.
UBS traded through its neckline, but the ex-dividend adjustment put prices back under the breakout level. Factor is flat, but I would consider buying UBS if it climb above 18.01.