Britain- BAE systems surrender to the average – Analysis – 22-3-2019

The moving average 55 formed a good resistance by its stability at 486.00, to decelerate the bullish attempts, and to force the price to form a negative attack by reaching 479.35, the stability of the current resistance makes us prefer more of the negative trading, to expect reaching 470.30 reaching to 458.50 in the medium period trading.

Stochastic provide to the extra negative momentum by its fluctuation below 50 level reinforces our bearish suggestion, to keep waiting for hitting the negative targets before any attempt to change the main trend.

The expected trading range for today is between 486.00 and 470.30

The expected trend for today: Bearish