France- Carrefour begins with a strong positive action – Analysis – 12-9-2019

Carrefour price succeeded to form a new support level at 15.18, to get advantage by forming a new positive rally, to settle near 16.90 level, the price gets positive momentum from surpassing the oversold level and its rally above 50 level, to reinforce the bullish attempt in the near and medium period trading.

Therefore, we will keep preferring the bullish attempts that targets the moving average 55 at 17.75 initially, and surpassing this barrier will make it succeed to target new positive levels by reaching 19.15.

The expected trading range for today is between 16.20 and 17.75

The expected trend for today: Bullish