Britain- Dixons confirms the positivity – Analysis – 28-4-2017

Dixon price confirmed the continuation of the bullish bias domination, to end the negative fluctuation by testing the moving average 55 that located near the main support at 322.75, renewing its bullish attack by reaching 335.70 since this morning, which confirms the stability of the price within the positive range to keep our bullish expectation that targets 349.40 level initially, and surpassing it will open the way towards achieving more of the gains that begin at 359.20 reaching to 375.50.

Stochastic rally to the overbought level agrees with the bullish expectation, to keep providing the required momentum to achieve the suggested targets without facing any sudden negative pressure that might change the main trend in the current period.

Expected trading range for today is between 330.00 and 349.40

Expected trend for today: bullish