Short term view - COMMERZBANK : The rising moving average confirms our opinion.
The trend is still bullish. No indicator nor pattern are questioning it. The invalidation is below €9.75. The target is at €11.80Arguments :
- Prices are pulling back to the support level (previously a resistance). The rise will resume afterwards.
- The rising moving average...
Commerzbank operates through five segments: Private Customers, which comprises the Private Customers, Direct Banking and Commerz Real divisions; Mittelstandsbank, which include the Mittelstand Germany, Corporate Banking & International and Financial Institutions divisions; Central and Eastern Europe, which consists of the universal and regional banking and direct banking activities; Corporates and Markets, which consists the Equity Markets & Commodities, Fixed Income & Currencies, Corporate Finance and Credit Portfolio Management divisions; as well as Non-Core Assets, which includes the operations of CRE Banking Germany, CRE Banking International, Public Finance and Deutsche Schiffsbank.
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