$DB has Bottomed and looks VERY Bullish, along with many Banks

As I said in this post on 11-14-16, Deutsche Bank has bottomed and should be bought on all pullbacks. Just because it was up 50% that did not matter to me. It has plenty of room to Run. If you would have listened to the Hedge Funds at the end of September you would have Capitulated the bottom and missed the 80% rally off the lows. Yeah those guys road the downtrend all the way only to jump off at the bottom.

Below is a chart showing the levels. It has already burst through 17.80 and next stop is close to $20 and then $22.

db-levels

Yeah, if you’re buying now you are completely chasing. Look for it to go sideways before it makes a move to $22. Below is the Weekly RSI Bullish Divergence which is breaking out.

Long DB.

db-monthly

 

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