France: Bouygues provides strong bullish attack – Analysis – 27-4-2017

Bouygues shares price confirmed its affection by the domination of the bullish bias by providing clear positive consolidation above the bullish channel's support at 36.25, to notice forming bullish gap and settle around 39.40, which confirms the consolidation within the bullish channel, to expect resuming the bullish attack and move towards 50% Fibonacci level around 42.00.

We notice stochastic attempt to form new bullish wave to increase the chances of gathering the bullish momentum and ease the attempt of reaching the waited target without facing any unexpected pressure.

Expected trading range for today is between 38.00 and 42.00

Expected trend for today: Bullish