France: Carrefour affected by the stability of the initial barrier – Analysis – 15-11-2018

Despite Carrefour shares price recent consolidation above the key support 16.95, the stability of the initial barrier at 17.80 blocks the bullish attempts, to force the price to form sideways trading by moving between the major levels.

Therefore, we recommend waiting to gather new positive momentum and getting new positive signal by rallying above the current barrier to confirm the preparation to record more positive targets that might start at 18.55 followed by reaching 19.60 in the upcoming period.

Expected trading range for today is between 17.00 and 18.55

Expected trend for today: Bullish