Deutsche Bank (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, this tweet just in from Bloomberg Markets…
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| Source:Â Bloomberg.com |
