CHXEUR:DBKD
As I expected DBKD entered into its final phase of its correction. (see Linkt to Related Ideas) But how long will it be? I do not now. I can see that the initial phase is very dramatic, but since most of the experts expect a recession soon, it can last years and became shallow or even choppy if it ends in an ending diagonal . On the chart you can see that the correction began in 2008 with the crisis. It finished the A wave of the zig-zag correction in the very beginning of 2009, and then came a triangle as wave B. Wave B ended in mid April 2015 and from then it declines in 5 waves. The 4th wave have been a triangle as I assumed also this possibility in the linked idea that ended in January. Since then it has been falling and it is in the 3rd wave of this final 5th wave if my counting is correct. What could be the bottom? I do not know, I would guess between 4 and 6 € but it will turn out within years if the recession comes. But I guess then it will be a very good opportunity to buy a lot. It will be also a very good opportunity on a fundamental base as well since its market value is much under its book value.
Price/Book: 0.27 according to finance.yahoo.com
As I expected DBKD entered into its final phase of its correction. (see Linkt to Related Ideas) But how long will it be? I do not now. I can see that the initial phase is very dramatic, but since most of the experts expect a recession soon, it can last years and became shallow or even choppy if it ends in an ending diagonal . On the chart you can see that the correction began in 2008 with the crisis. It finished the A wave of the zig-zag correction in the very beginning of 2009, and then came a triangle as wave B. Wave B ended in mid April 2015 and from then it declines in 5 waves. The 4th wave have been a triangle as I assumed also this possibility in the linked idea that ended in January. Since then it has been falling and it is in the 3rd wave of this final 5th wave if my counting is correct. What could be the bottom? I do not know, I would guess between 4 and 6 € but it will turn out within years if the recession comes. But I guess then it will be a very good opportunity to buy a lot. It will be also a very good opportunity on a fundamental base as well since its market value is much under its book value.
Price/Book: 0.27 according to finance.yahoo.com
