Deutsche Bank Long

DB

Entry - $7.60

Target 1 - $8.30
Target 2 - $9.65
Target 3 - $12

Stop loss - $6.79

DB is at an important Fib level as well as showing Bullish Divergence.
Be aware that this is a contrarian play and a countertrend trade. However, this area has a good chance of being a medium term bottom and we might be catching a trend reversal here which can be very powerful.

I plan on taking a 100 share position and selling calls against it on the way up as we hit important fib levels/moving averages.

Trade at your own risk and remember, this is not financial advice and I am not a financial advisor. Do your own research and due diligence.