France: Allianz hits strong support – Analysis – 17-12-2018

Allianz shares price ended its last negative attack by facing solid support at 173.10, to force the price to form quick bullish rebound as appears on the chart, while 38.2% Fibonacci correction level consolidation around the current support increases its strength, allowing us to start suggesting more bullish attempts that might target 179.85 followed by reaching 182.85 levels, to succeed closing the recently achieved gap.

Also, stochastic rally above 50 level supports our bullish overview by providing new positive momentum, to continue suggesting the bullish attempts until reaching the suggested positive targets.

Expected trading range for today is between 173.10 and 179.85

Expected trend for today: Bullish