Trading idea: Commerzbank - financial expert predicts further price decline

Trading idea: Commerzbank - financial expert predicts further price decline

According to a report by www.finanzen.net, Commerzbank shares are in a downward trend, which is accompanied by a possible further price decline. A bearish daily candle could be the signal of a further downtrend.

So far, a decline to the upper limit of the Ichimoku cloud at currently 10.50 euros has been observed. If this area is broken, a further price decline to the 200 EMA at currently 10.20 euros is to be expected. As long as the historical high of 10.87 euros is not exceeded, a further price decline can now be expected.

The trading idea that arises from this development is a short position with a Best-Unlimited Turbo warrant (SQ61GF) of Société Générale, which could be hedged above the historical high of 10.87 euros. The price target would be in the area of ​​10.20 euros around the 200 EMA.

This development could impact the market for financial products, with investors potentially taking more short positions. Confidence in Commerzbank could continue to decline and the share prices of other banks could also be affected.

In addition, consumer confidence in the stability of the banking industry as a whole could decrease, which could lead to a more cautious attitude towards banking transactions. This, in turn, could have a negative impact on lending and investment activity.

Overall, it can be expected that the current developments at Commerzbank will not only have an impact on the company itself, but also on the broader financial market and consumers. It remains to be seen how the situation will develop in the coming weeks.