Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Monday, June 3, 2019
DB Deutsche Bank Weekly Chart; -95% Crash Since the 2007 Top; Deutsche Bank Loses 6.00 on the DAX
Deutsche Bank sings a sad country song for the last 12 years. DB peaked at the 2007 stock market top and since then it is all over but the crying. The German government will always support Deutsche Bank as it becomes a further national embarrassment and disgrace. A couple hours ago, trading on Germany's DAX Index, price slips below the 6.00 level for the first time in history now printing at 5.90. The shame continues each day.
DB peaked in 2007 at 122-ish and sinks to 6.7 a -95% crash in 12 years. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note: The lower chart is provided by CNBC and titled and annotated by Keystone.
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