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Time To Buy Deutsche Bank Put Options As Financial Sector Hit By Brexit -

Jun, 27th 10:29

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The City Of London has become the main European and Global Financial Centre over recent years as a cosmopolitan gateway for the world into and out of Europe. The unexpected result of the British Referendum has created shock waves in the financial services sector as institutions analyze cross border business in the new Britain. Many financial stocks including Deutsche Bank shares have plunged strongly in response as the effects on their structure and operations are unknown. On the hourly chart, the stock continues to fall after creating a big gap-down in Friday’s trading session. RSI (14) is bobbing up and down around the threshold of oversold territory, which indicates that sellers are dominating. More declines are expected for the rest of the day.

Trade suggestion

Buy Digital Put Option from 13.35 to 13.29 until 20:00 June 27, 2016

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