Deutsche Bank shares rallied!

After the laboriously negotiated takeover of the ailing Credit Suisse by the major Swiss bank UBS, there is still unrest on the financial markets. The Deutsche Bank share is one of the biggest losers in the DAX before the weekend. Investors' nervousness is rising again ahead of the weekend. The technical situation of the share is becoming more and more cloudy.

After Deutsche Bank shares reached a high of EUR 12.36 at the end of January, the bears took over. At the top, the papers slipped by more than 30 percent.

A counter-movement started in the area around EUR 8.31, but ended again at a massive resistance area just below the EUR 10 mark. As was last promised, the next setback followed. The next horizontal support is only waiting in the area around EUR 7.50. In a volatile market environment, however, the share can turn up again at any time.

In the banking industry, it can be seen above all from how high the prices for credit insurance, so-called "Credit Default Swaps" (CDS), are for the institutes concerned. At Deutsche Bank, the CDS premiums are rising again significantly.

Some industry insiders draw parallels with Credit Suisse: "Deutsche Bank has been in the spotlight for a while, much like Credit Suisse," says Stuart Cole, senior macroeconomist at Equiti Capital. "It has gone through various reorganizations and leadership changes to get the bank back on solid footing, but so far none of those efforts seem to have really worked."

The bottom line is that the rescue of Credit Suisse provides some relief overall. The situation is still very fragile. In addition, the fear of renewed bad news on the upcoming weekend is increasing. The fluctuation range for bank shares should therefore remain high for the time being. Investors will therefore remain on the sidelines at Deutsche Bank for the time being.

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