France: AXA SA shares resistance the negative pressures – Analysis – 14-3-2019

In spite of the clear negative pressures that the AXA SA price suffered by stochastic reach below 50 level, but its positive stability above the critical support that is located at 21.45 besides forming an extra support by 50% Fibonacci correction level supports its readiness to provide a new bullish trading in the near and medium period. 

Gaining a new positive momentum makes us expect rally above 22.70 level, to increase the chances for reaching the initial main station, which represents 38.2% Fibonacci correction level at 23.25.

The expected trading range for today is between 22.05 and 22.70

The expected trend for today: Bullish