lunedì 11 maggio 2009

Bayer and Deutsche Bank

After Friday Inside day for the whole Dax30 Index, let's focus on Bayer and Deutche Bank.

Bayer this morning opened with a gap down and then prices rallied fast until to break yesterday High designing an Outside day, which is a buy signal, even if prices are right in the middle of Bollinger Bands so they seem chopping.

Deutsche Bank has a more interesting chart: prices are very close to the upper band, today is the second inside day and volume are decreasing. The compression here is more visible and a good move should come shortly.

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