Deutsche Bank share: That doesn’t look so good on the expiration date

For the third time within four days, the Deutsche Bank share failed to jump over the technical chart hurdle at EUR 9.27. This time the share price of the DAX-listed financial service provider peaked at EUR 9.299, but at EUR 9.232 it was again – albeit just below the technical chart hurdle from XETRA trading. Current indications for Deutsche Bank shares (WKN: 514000, ISIN: DE0005140008, chart ) are only listed at 9.121/9.147 euros in Tradegate trading on Friday morning.

Pressure is coming on today’s expiry date and the Deutsche Bank share is not in a particularly good chart position after numerous unsuccessful break attempts. Even a slide below EUR 8.91 could open up new downward potential for the DAX value. Above all, between EUR 8.67/8.72 and around the core mark at EUR 8.56/8.58, the first technical chart supports could appear in the event of a break. If these are also undershot, things look bad: Then the next possible price targets could be expected to be EUR 8.20 and EUR 8.028/8.080.

A stable rise above EUR 9.27/9.29 could open the way for the Deutsche Bank share towards the 200-day line at EUR 9.696 and a resistance zone just above it at EUR 9.79/9.90.