Deutsche Bank (NYSE:DB) has been crushed over the last year. The 52 week high is $35.38 and the stock closed today at $12.60. While many talking heads are predicting more trouble for the bank, there is one major positive that appeared just yesterday. Following Brexit, the stock plunged. But yesterday, it put in a technical reversal signal called a Bottoming Tail. A bottoming tail is a reversal signal that often times signals a major low and major upside on the horizon. After putting in the bottoming tail yesterday, the stock traded a little lower today. However, to negate a bottoming tail, the stock must close below the bottoming tail low. Yesterday, the bottoming tail low was $12.50. Today it closed at $12.60. This means the reversal signal is still 100% in tact.

What Does It Mean?

There are many conclusions that can be drawn if this reversal signals holds. First, it may mean the Non Farm Payrolls data in the United States is stronger than expected tomorrow. This would potential calm fears over in Europe of a major Brexit global recession. It could also mean the ECB (European Central Bank) may help the struggling bank out. It also could showcase a better view of the global economy going forward. Either way, as long as the bottoming tail holds, it is an attractive buy. A stop would be super tight at a daily close below $12.50. It is very rare investors get such potential upside with such minimal risk in terms of a stop level.