A Turn of Fortune for European Banks
European banks – H&S bottoms forming in major banks
Huge H&S bottom patterns continue to form on the weekly graphs of some major European banks. UBS, Credit Suisse and Deutsche Bank are shown in the charts below.
UBS traded through its neckline, but the ex-dividend adjustment put prices back under the breakout level. Factor is flat, but I would consider buying UBS if it climb above 18.01.
European Banks – UBS
European Banks – Deutsche Bank
European Banks – Credit Suisse
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