France- Carrefour begins the bullish attack– Analysis – 30-5-2017

Carrefour price gained strong positive momentum in the last trading by its stability above 50% Fibonacci correction level that forms strong support at 23.00 besides stochastic stability within the overbought, therefore, we will keep the bullish bias domination in the near and medium trading, to expect the attempt to record 24.40 level to reach 38.2 % Fibonacci correction level at 25.40.

The stability of the moving average 55 below 23.00 level confirms forming strong support against the current trading, which confirms the price confinement within the bullish range until reaching the suggested targets.

Expected trading range for today is between 23.00 and 24.40

Expected trend for today: Bullish