France: Allianz shares price attempts to end the negative correction – Analysis – 14-8-2019

Allianz shares price faced strong negative pressures recently, which pushed the price to form correctional bearish trades and suffer many losses by reaching 197.50, noting that the main stability within the bullish channel besides 195.60 level forming additional support increases the chances of renewing the bullish attempts, waiting to record many positive targets that might start at 208.90 followed by 215.00 levels.

Also, stochastic reach to the oversold areas confirms getting rid of the negative pressures and allows the price to gather new positive momentum to reinforce the bullish overview for the near term and medium term trading.

The expected trading range for today is between 196.00 and 204.50

The expected trend for today: Bullish