Trading idea for Deutsche Bank AG (XETRA)

#DBK

The overal trend is upward. The descending wave pattern was truncated and ended with the breakout of the inclined channel. The stock is trading in the range of the lower border of the ascending price channel. Awesome Oscillator shows a bullish divergence. 

Trading idea:

Buy on the formation of an ascending wave structure - on the breakout of 11.16.

Stop Loss below the local minimum - 10.70.

Target levels - 11.88; 12.50.