Weekly chart:
Commerzbank AG O.N. (DE:CBKG) was founded in 1870 in Frankfurt am Main, and employs about 53,000 workers. But even this large bank has had to concede severe stock losses recently. The majority of the shareholders have parted from this value, and how the chart looks now with this. The small trend in the weekly chart is showing us a stable downward trend. After the last low at €6.21, the buyers were so weak that the price was not even able to reach the last red correction zone. The last course high is located at €8.65, and since then, the price has been in reverse gear again. If the price falls downward out of the red trend channel, then further bitter losses loom, along with new lows.
Daily chart:
The Dow Theory principle states that in the chart, basically everything can be seen that influences supply and demand. It can also blatantly be seen in the chart that there is a huge amount of pressure on this value to sell. As can be seen, even the buyers in the daily chart are not able to push the price to the last red correction zone, for the sellers are apparently in the majority. A trading chance in the southerly direction is now becoming available, if one speculates on the price taking a run-up to the last low once again, and the trend then directly continuing.
Hourly chart:
Since the weekly and daily charts are already delivering clear short signals, the hourly chart cannot be missing. And so the small trend is also within a very young downtrend in this timeframe, and here it is currently in the movement. As soon as the next correction starts up, we can let ourselves be stopped out on the continuing path downwards in the course of the accumulation phase according to Dow, and speculate on the next downward movement.
For the presentation of the charts the trading platform "AgenaTrader" has been used.
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