Deutch Bank should be bought on all pullbacks. $DB

$DB…the dreadful bank that was crashing and crashing and dropped the lows and everyone was bearish. Capitulated. Seen in the chart below. The monthly volume and capitulation at the lows has already seen a 50% rise off the sub 12 bottom.

db

The two next closest volume candles come from 2009 and 2011 and they aren’t even close. I do not like banks, in fact I hate banks. However if this economy and market is going like the mid 90’s $DB just bottomed and should be bought on all pullbacks. Not to mention the bullish RSI divergence.

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One response to “Deutch Bank should be bought on all pullbacks. $DB

  1. Pingback: $DB has Bottomed and looks VERY Bullish, along with many Banks | The Big Breakout·

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