France- BAS shares moves to the bullish track– Analysis – 22-10-2019

BAS shares price succeeded to breach the bearish channel’s resistance at 65.60 in the last period trading, to confirm its move to the bullish track, to begin recording some of the targets by hitting 68.15 level, resuming the bullish attack makes us expect gathering an extra positive momentum that begin at 69.90 reaching 38.2% Fibonacci correction level at 71.90.

Stochastic fluctuation within the overbought level forms a main factor to confirm the bullish scenario by its attempt to provide the required extra momentum to record the suggested targets. 

The expected trading range for today is between 66.50 and 69.900

The expected trend for today: Bullish