Greetings everyone!! As part of our strategic newsletter, we scan and watch stocks in Major stock exchanges to provide trade able opportunities and ideas. In June we took a look at SAP in Germany…..Below you can see screenshots from the newsletter
What followed with SAP AG ADR (NYSE:SAP)?
SAP is very close to confirming a break down and the start of a correction period that could push price much lower. 96-98€ is a major support area and if we see this support area broken, then we should expect price to move towards 90€.
Now I’m looking at Siemens (DE:SIEGn) and Deutsche Bank (H:DBKGn) as well. SIEMENS might be forming a Head and Shoulders pattern.
110-111€ is critical support. If broken I will be expecting the share price of SIEMENS to fall towards 90€.
Deutsche Bank (DE:DBKGn) has reached our downside target area and has started an upward reversal. Below you can see my post from tradingview.com back in March of 2017.
What now?
Is the low in? There are many chances that the reversal has started. More details on my strategy and more stock setups for US and European stocks in my strategic newsletter sent 3 times per week.
Disclosure: None of the information or opinions expressed in this blog constitutes a solicitation for the purchase or sale of any security or other instrument. Nothing in this article constitutes investment advice and any recommendations that June be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. Any purchase or sale activity in any securities or other instrument should be based upon your own analysis and conclusions.