UK: BAE keeps the bullish attempts – Analysis – 26-5-2017

BAE shares price was affected by the strength of the bullish channel's support at 630.00 to force it to renew the bullish attempts and settle around 657.00, while we expect to renew the bullish attempts and start recording new historical targets by moving towards 683.00 followed by reaching the bullish channel's resistance at 710.00.

The consolidation of the moving average 55 below the main support line supports our bullish overview, besides stochastic approach from 80 level, to allow the price to gather new positive momentum and resume the bullish attempts until reaching the suggested targets.

Expected trading range for today is between 641.00 and 683.00

Expected trend for today: Bullish