DBK with clean reversal pattern

106
DBK has struggled for years, but at current levels it is showing some strength. Price broke from descending channel after the news that Capital Group invested in the bank. There was also higher lows structure which was supported with positive movement on MACD and RSI.

Deutsche Bank’s restructuring plan was handed a vote of confidence after US asset manager Capital Group disclosed a large stake in the German lender, sending its shares up more than 10 per cent. Capital Group is one of the oldest and largest names in the US asset management industry with almost $2tn of assets. It has stuck with stock picking even as the threat from passive investing has grown over the past decade. The 3.1 per cent stake, which is worth more than €500m, makes Capital Group Deutsche’s fifth-largest shareholder. The Qatari Royal family and BlackRock are among the other top investors.

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。