Deutsche Bank Struggles Near Major Resistance
Candy Matheson | Jan 17, 2018 02:36PM ET
Deutsche Bank (DE:DBKGn) (NYSE:DB) has never recovered from its meteoric plunge during the 2007/08 financial crisis. It's currently facing major resistance at the confluence of price and the upper edge of a long-term downtrending channel, as shown on the monthly chart below.
It's critical for price to break through and hold above 20.00. Otherwise, its future is in question.
And on Wednesday, Bloomberg Markets tweeted the following:
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