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A Turn Of Fortune For European Banks

Published 05/15/2017, 11:33 AM
Updated 07/09/2023, 06:31 AM

European Banks: Head-And-Shoulders Bottoms Forming In Major Banks

Huge H&S bottom patterns continue to form on the weekly graphs of some major European banks. United Bankshares (NASDAQ:UBSI), Credit Suisse (NYSE:CS) and Deutsche Bank (NYSE:DB) are shown in the charts below.

UBS traded through its neckline, but the ex-dividend adjustment put prices back under the breakout level. Factor is flat, but I would consider buying UBS if it climb above 18.01.

UBS

Weekly UBS

DXB

Weekly Deutsche Bank

CS

Weekly Credit Suisse

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