It looks pretty good. So for a German bank. That hackers recently emptied Commerzbank customers of millions apparently doesn’t bother the stock exchange much. That’s pretty normal.

The Deutsche Bank also admitted that it had addressed a Dutch bank for 10 years, in terms of bond trading prices. That’s pretty normal. This kind of thing doesn’t surprise us anymore. The fine for it was a laughable 156 million euros. And they want to tell us how evil Bitcoin & Co. are…

Commerzbank in the weekly chart Here we see the triangle from which the prices broke out last week at the end of the week. This week it went up even further. But not at the closing price. In the end, the stock had to shed a few feathers. But that was still harmless.

Two weeks ago, the prices also shot above the upper trend line. But were immediately pushed back down again. A typical false breakout from a triangle. So these are usually not so easy to trade.

Now the breakout has been successful. Probably. You never really know that. Two weekly candles above the trend line is quite stable though. In the daily chart there was the breakout, then a pullback to the line, and then it went up again. So far it looks very good. So „good“ for Commerzbank’s standards. We are not talking about a top stock or bank here.

The hurdle at just under 11.35 euros still exists. That is where the highs were in mid-July. The prices failed there this week. That’s actually normal. But that doesn’t necessarily mean anything for the further course. A small setback and a new attempt can lift the prices above it. Maybe already next week. Maybe there will be a time without a scandal and the stock will even rise towards 12 euros. That is the high of the triangle from the beginning of March this year.

At the same time, this is a multi-year high. The Commerzbank was last quoted in March 2018 above 12 euros. Those were still the times. In May 2020, it was already dead at 3 euros.

The only advantage for investors with Commerzbank could be that it is system-relevant in an emergency. If the card is played, the German taxpayer jumps in immediately. Whether he wants to or not. That’s why the Deutsche Bank can do whatever it wants. Ironically, it is also currently at 11.10 euros.

Compared to Commerzbank, this is much weaker, after all the DBK came from much higher up. Maybe Commerzbank is just less badly managed. There is no 1st place to be awarded here. In this duel it’s rather about who doesn’t fail totally or gets caught cheating.