DB Trade Idea

DB is one of the European banks that could be facing quite a bit of trouble. The chart seems to show an almost panic move out of the stock.

The price candles themselves are very bearish, add to that the volume and it looks like real concern. The recent bear pennant is more bearish then a bear flag as the trading range narrows, also volume has fallen off the last week. I would look for a move above the apex of the pennant, at that point, we'll most likely see a highly distributive move and at that point, it would make for a low risk, high probability short position. Keep this one on a watchlist along with GE.